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Radicalization, and the Minnesota Murder Cases John Collins grew up inside William Branham's “Message” world, left it, then spent years mapping how the theology and network morphed into today's authoritarian ecosystems. I welcomed him back to The Influence Continuum to speak about the murders and share his knowledge surrounding the twisted networks of doctrine and influence that may have influenced them. Collins' most recent book is Weaponized Religion: From Christian Identity to the NAR. Author and webmaster of William Branham: Historical Research, John was born and raised in William Branham's “The Message” cult following and is the grandson of Willard Collins, former pastor of William Branham's “Branham Tabernacle” in Jeffersonville, Indiana. When we did the recording and broke the story about Boelter's link to the extremist group, we got a message on my YouTube from Boelter's former baseball buddy and floormate at college, who witnessed his radicalization. Jeff Petricka consented to a recorded interview on my YouTube channel. John's story hits an essential point about brainwashing while growing up. He was taught such an extremist form of obedience that he was told if Branham said the sky was pink, his eyes were wrong. He was corporally punished regularly. He told me leaving felt like being air-dropped from a North Korean camp into the United States, where nothing is familiar. His deconstruction took years. With human resilience and persistence, John worked to heal himself and help others. John was told stringed instruments were “of the devil.” Today, he keeps his drums in the frame and every video on purpose, and I can see at least 8 (if not more!) stringed instruments on his wall. A really important interview! Learn more about your ad choices. Visit megaphone.fm/adchoices
#584 Think you know it all when it comes to first-time home buying? Think again! In this episode, host Brien Gearin is joined by real estate expert and first-time homebuyer advocate David Sidoni, founder of How to Buy a Home. David shares his journey from showbiz to real estate, his mission to help underserved first-time buyers, and the misconceptions that hold many back — like the myth that you need 20% down. He also breaks down how self-employed entrepreneurs can navigate home buying, the impact of recent real estate commission changes, and why working with the right team is critical. Whether you're a future homebuyer or just love smart business insights, this episode is packed with eye-opening advice! (Original Air Date - 2/10/25) What we discuss with David: + Myth: You need 20% down – Not true for first-time buyers + Debt-to-income explained – Lenders assess monthly payments, not total debt + Entrepreneurs & mortgages – Self-employed buyers need strategic planning + Start earlier than you think – Many buy months sooner than expected + First-time buyers are ignored – Most agents prioritize higher-value clients + Scaling a niche business – How David built a national agent network + NAR lawsuit impact – Buyer commissions remain mostly unchanged + Renting vs. buying costs – Long-term financial growth matters + Choosing the right team – A great realtor & lender are key + From showbiz to real estate – David's journey to homebuyer advocacy Thank you, David! Check out How to Buy a Home at HowtoBuyaHome.com. Listen to the How to Buy a Home Podcast. Follow David on Instagram, LinkedIn, TikTok, Twitter, and YouTube. Watch the video podcast of this episode! To get access to our FREE Business Training course go to MillionaireUniversity.com/training. And follow us on: Instagram Facebook Tik Tok Youtube Twitter To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Want to hear from more incredible entrepreneurs? Check out all of our interviews here! Learn more about your ad choices. Visit megaphone.fm/adchoices
Li Amedê, li gondê Çolî, di 19ê Tebaxê de zarokeke 9 salî wunda bû, navê wê Narin Guran bû. Meytê wê piştî 18 rojan di newalek de hate dîtin. Dayika wê Yuksel, birayê wê Enes (19), Apê Salim Guran, bi sûcê kuştina Narînê bi hetahetayê hatin cezakirin.
Paul Cecil of ReAlpha shares how AI, commission rebates, and acquisitions are disrupting home buying—and what it means for buyers and investors.In this episode of RealDealChat, Jack sits down with Paul Cecil, President of ReAlpha (NASDAQ: AIRE), to discuss how his company is transforming real estate through AI and innovative business models.Paul explains how ReAlpha offers up to 80% of the buy-side commission back to buyers, why technology can make homes more affordable, and how acquisitions are helping them build an end-to-end home buying platform.Here's what you'll learn in this conversation:How AI assistant “Claire” helps homebuyers search, ask questions & compare propertiesWhy ReAlpha passes up to 80% of commissions back to buyersHow commission rebates can lower interest rates, fund closing costs, or even buy furnitureThe impact of the NAR lawsuit on real estate commissionsWhy 86% of renters can afford to buy (and how ReAlpha helps them get there)Current market challenges: record-high prices, aging buyers, and affordability crisisHow acquisitions in mortgage, title & tech build a seamless buyer experienceLessons from going public on NASDAQ and pivoting business modelsWhy investors should embrace tech instead of ignoring it
Real estate, People Not Titles podcast, Land Trust Title Services, Steve Kaempf, Matt Lombardi, economic news, August jobs report, job growth, unemployment, stagflation, Federal Reserve, interest rates, housing market, home prices, foreclosures, affordability, leadership changes, Compass, Ethan Glass, antitrust litigation, consumer spending, luxury homes, market trends, Zillow lawsuit, NAR, legal challenges, Lou Italia, Remax Premier, Compass, Chicago real estate, COVID-19 impact.Introduction & Podcast Purpose (00:00:00)August Jobs Report & Economic Overview (00:01:13)Manufacturing & Wage Trends (00:02:50)Stagflation Explained & Fed Rate Cuts (00:03:44)Political Reactions & BLS Data Revisions (00:04:52)Opportunities for Real Estate Professionals (00:06:45)Housing Market Downturn & Consumer Confidence (00:08:21)Homebuilder Incentives & Market Anomalies (00:09:34)Affordability Crisis & Potential Solutions (00:11:11)Long-Term Homeownership Perspective (00:12:12)Leadership Changes at Compass & MLS Strategy (00:13:10)NAR Consultant Hires & Industry Outreach (00:15:02)Zillow Copyright Lawsuit & Photo Takedown (00:17:50)Rise of the American Real Estate Association (00:19:24)Texas Broker Lawsuit Against NAR (00:22:18)Remax Premier Acquires Compass Offices (00:23:50)Brokerage Transitions & Agent Choices (00:27:11)Chicago Bears Game Recap & Sports Segment (00:28:05)Podcast Closing & Sponsor Message (00:30:38)Full episodes available at www.peoplenottitles.comPeople, Not Titles podcast is hosted by Steve Kaempf and is dedicated to lifting up professionals in the real estate and business community. Our inspiration is to highlight success principles of our colleagues.Our Success Series covers principles of success to help your thrive!www.peoplenottitles.comIG - https://www.instagram.com/peoplenotti...FB - https://www.facebook.com/peoplenottitlesTwitter - https://twitter.com/sjkaempfSpotify - https://open.spotify.com/show/1uu5kTv...
This week on tWiRE Podcast (Episode 332) we're covering the biggest headlines shaking up the housing market, mortgage trends, and real estate industry power moves. From Zillow's copyright war with CoStar to Dave Ramsey calling out “morons” in the influencer world, this episode dives deep into what agents, buyers, and investors need to know right now.
Na Rádio Rural de Natal, o quadro Bem-Estar e Saúde também conta com a participação da psicoterapeuta Ana Augusta Moreira, que traz reflexões e orientações sobre saúde mental, equilíbrio emocional e qualidade de vida.
In this episode, Dr. Michael Easley welcomes Holly Pivec and R. Douglas Geivett to discuss the New Apostolic Reformation (NAR) and their book Counterfeit Kingdom. The conversation unpacks how NAR leaders redefine apostleship, distort biblical terminology, and promote teachings that undermine the gospel. Holly and Doug explain how NAR apostles claim authority and revelation outside of Scripture, creating fear of demonic attack for those who refuse to submit. They highlight how this movement distorts the gospel by shifting the focus from Christ's finished work on the cross to dominion theology, signs, and wonders. The guests also address the dangers of Bethel music as a vehicle for spreading NAR doctrine, the redefinition of prayer into declarations and decrees, and the damage caused by false prophecies and failed miracles. They describe how NAR teaching fuels church splits, damages marriages, and divides families, all while advancing a Seven Mountain Mandate that seeks control over major areas of society. Dr. Easley, Holly, and Doug caution listeners to recognize these counterfeit teachings and cling to the authority of Scripture. This episode calls believers to remain vigilant, discerning, and grounded in the truth of the gospel. Takeaways: NAR leaders redefine apostleship and claim authority not found in Scripture. Fear of demonic attack is used to keep followers under apostolic “covering.” The movement distorts the gospel, emphasizing dominion and miracles over Christ's cross. Bethel music spreads NAR doctrine globally under the guise of worship. NAR's Seven Mountain Mandate seeks cultural and political dominance. LINKS MENTIONED: Counterfeit Kingdom by R. Douglas Geivett and Holly Pivec Watch the highlights and full version of this interview on our Youtube channel. For more inContext interviews, click here.
Hosts Tonia Vailas, MAI, AI-GRS, and Warren Boizot, SRA, AI-RRS, look back at the most memorable moments from Season 3 of Face Value. From appraising vineyards and wineries (yes, wine-tasting was part of the job) to exploring the challenges of stigmatized properties like the Chris Watts house, this episode highlights the insights, stories, and laughter that made the season unforgettable.You'll also revisit conversations on the NAR settlement's impact, the value of landscaping, and the profession's human side—from coast-to-coast networking to family appraisal legacies.Catch the highlights, hear the hosts' favorites, and discover your own standout moments from an incredible season.
Na Rádio Rural de Natal, o quadro Bem-Estar e Saúde também conta com a participação da fonoaudióloga Luiza Flora, que traz informações e orientações sobre saúde vocal, comunicação e qualidade de vida.
O Concello de Narón, a través do concelleiro de Deportes, Ibán Santalla, informou hoxe sobre as principais novidades deportivas para este mes de setembro. En primeiro lugar, o prazo de inscrición nas Escolas Deportivas do Padroado de Deportes para o curso 2025-2026 abrirase o vindeiro 10 de setembro. Os veciños e veciñas de Narón que dispoñan do bono familiar poderán matricularse desde esa data, mentres que os residentes doutros concellos deberán agardar ata o 22 de setembro. Para as persoas sen reserva de praza, o prazo remata o 30 de setembro. As inscricións realizaranse nas oficinas do Complexo Polideportivo Municipal da Gándara, en horario de 8:30 a 13:00. As actividades dispoñibles inclúen natación, ximnasia de mantemento, ioga, pilates e musculación no complexo e na piscina, así como tenis de mesa, remo e xadrez nas escolas deportivas exteriores. Todas estas actividades comezarán o 1 de outubro. As actividades conveniadas con outros clubs —como atletismo, balonmán, tiro con arco, fútbol, fútbol sala, baloncesto, piragüismo, golf, kick boxing, voleibol, ximnasia rítmica ou patinaxe artística— deben tramitarse directamente cos clubs, podendo solicitar información nas oficinas do pavillón polideportivo da Gándara. En segundo lugar, o concelleiro destacou a celebración da cuarta edición do Trail Costa Ártabra, organizada polo Concello e a Asociación Deportiva Cultural Bombeiros de Narón, que terá lugar o 14 de setembro. O prazo de inscrición remata o 9 de setembro ás 23:59 horas e pode facerse a través da web www.rockthesport.com. A proba, que é UTMB Index e outorga puntos para a gran final das UTMB World Series 2026 en Chamonix (Francia), conta con dúas modalidades: carreira (27 e 14 km) e andaina (13,5 e 8 km), nas categorías sénior, veteráns e, por primeira vez, absoluta. Os percorridos permitirán disfrutar das zonas naturais da Pena Lopesa, Pena Molexa e das praias de Lopesa, Hortiña e Casal. Por último, Santalla anunciou un prazo extraordinario de inscrición para as 21 Leguas, os 101 quilómetros de Narón, que se celebrarán o 27 de setembro. Esta proba de ultrafondo, organizada polo Concello e o Club Deportivo Narón 101, chega á súa cuarta edición e xa supera o milleiro de participantes. As últimas inscricións poderán realizarse a través das webs www.21leguas.es e www.emesports.es. Os marchadores contarán con 24 horas para completar o percorrido que atravesa Narón, Ferrol e Valdoviño, mentres que os ciclistas dispoñerán dun máximo de 12 horas. As modalidades inclúen marcha individual ou por equipos, ciclistas individual, parellas ou equipos, e tamén opción de e-bike individual. Ibán Santalla subliñou que estas iniciativas teñen como obxectivo fomentar a actividade física, impulsar o deporte local e po
Buying or selling a home is one of the most highly regulated transactions in a person's life. In this episode, Shannon and Patrick unpack the complex world of real estate regulations - exploring what they mean for NAR members, how they affect consumers and the role NAR's advocacy team plays in shaping them. Wherever you practice real estate, chances are the National Association of REALTORS®, along with your state and local associations, has influenced how your state's real estate regulations are put into practice.
Con el inicio del curso escolar, muchos marcan nuevos propósitos y retos personales, como aprender a tocar un instrumento o mejorar su voz. Rockschoolcenter, el centro que dirige Jorge Felpeto, arranca el curso 2025-26 en sus sedes de Ferrol y Narón con una completa oferta para todas las edades y niveles, donde es posible estudiar guitarra, batería, piano, canto y otros instrumentos, con titulación oficial Rockschool y la experiencia única de actuar en conciertos, eventos y minigiras. Para los más pequeños, la escuela ofrece el programa Rockschool Kids: estimulación temprana (0-3 años), música y movimiento (3-4 años) y Mis primeras teclas, una introducción divertida al piano. Entre las novedades del nuevo curso destacan asignaturas como armonía y análisis para conservatorio, grabación en estudio, producción musical, técnico de sonido, teoría aplicada y el uso de locales de ensayo profesionales para las bandas de la escuela. Las clases comenzarán oficialmente el miércoles 10 de septiembre, tras la confirmación de horarios por parte del profesorado.
The housing market just dropped a week of headlines too big to ignore: NAR vs. Mauricio Umansky: A new legal filing takes aim at the PLS platform. Glenn Kelman: Why Redfin's CEO is still betting on W-2 agents despite layoffs. Mortgage Rates: Down to 6.52% after Powell's Jackson Hole speech, the lowest in 10 months. Market Trends: Pending sales tick up, but cancellations hit record highs. Buyers are retreating — and now sellers are too. Regional Shifts: Vacation towns stall, Las Vegas inventory spikes 31%, and San Francisco becomes the only major metro where housing costs have “returned to normal.” Affordability Crisis: Millennials and Gen Z slash restaurant spending, even skip meals, just to pay rent. Industry Buzz: Is it finally time to retire the old “Date the Rate, Marry the House” slogan?
Feasting on the Bible daily through reading and studying is vital for us as Christians. However, there can be numerous reasons that we have as to why we do not take the time to abide in His Word daily. Time in God's Word can seem dry if we do not have a feeling or an experience to accompany it. We may even be intimidated to read God's Word after leaving the NAR, in fear that we will not understand it properly. Be encouraged, dear Christian! Abiding in God's Word is part of your fellowship with Him, and it is easier than you think.Join me along with Cass Backhouse from Her Theology, as we discuss this important topic.Her Theology:Website: https://www.hertheology.comPodcast: https://www.theology.com/podcastInstagram: https://instagram.com/hertheologyYouTube: https://youtube.com/@hertheologypodcast?si=OZnWPtZjLX7CY_-jMy info:Website: http://www.lovesickscribe.comSubscribe to my blog here: http://eepurl.com/dfZ-uHInstagram: https://www.instagram.com/lovesickscribe/Facebook: https://www.facebook.com/lovesickscribeblog
Episode Overview In this high-energy episode of One Big Fire, John Kitchens, Jay Kinder, and Al Stasek are joined by GoGo Bethke for a candid conversation about AI, trust, and the future of the real estate brokerage. From the rise of AI-powered ISAs to the shrinking role of traditional team structures, the crew pulls back the curtain on what's really coming next for agents, teams, and brokerages. They tackle the big questions head-on: Will AI replace human agents? Are we entering the era of the “AI brokerage”? What happens to the average frustrated agent (AFA)? And how will trust—between consumers, agents, and technology—reshape the entire industry? Whether you're a team leader, solo agent, or broker-owner, this episode is a blueprint for understanding how to adapt, thrive, and lead in a rapidly evolving marketplace. Key Topics Covered The AI Brokerage of the Future Why the brokerage that integrates AI first will likely win How lead generation, follow-up, and ISA roles are being replaced by AI Why consumers may one day prefer AI responses over human ones GoGo's Perspective: Efficiency & Trust Cutting her team from 43 employees down to 9 using AI without losing revenue Why AI can't “call in sick” but still faces trust barriers with consumers The opportunity to clone your voice, face, and personality into AI for scale Teams vs. Solo Agents in an AI World Are teams becoming obsolete—or evolving into leaner showing-agent models? Why AI may empower solo agents to compete at scale How brokerages offering AI infrastructure could eliminate the need for teams The Consumer Experience Moat AI as a personal real estate COO—handling search, negotiation, vendors, and more The looming threat (and opportunity) of AI-curated consumer journeys Why local nuance, trust, and brand will still matter The Future of Agents & NAR Could AI—not lawsuits—be the biggest threat to NAR? Why professionalism must rise as AI raises the consumer's baseline knowledge The widening gap between high producers using AI and low producers avoiding it Personal Transformation Through AI How Jay is using AI to parent, lead, and self-improve Why the agents who survive will be advisors, negotiators, and educators—not order takers The power of continuous growth and using AI as a true thinking partner Resources & Mentions Agent to CEO 2024 – Sept. 24–25 in Cleveland → AgentToCEOCE.com HoneyBadgerNation.com – Community, training, merch, CHSA/CHBA resources The AI-Driven Leader – Framework for adapting leadership to AI StoryBrand by Donald Miller – Messaging framework to guide clients with clarity The Strangest Secret by Earl Nightingale – Classic on mindset and thought power Final Takeaway AI isn't just a tool—it's a tidal wave. The agents, teams, and brokerages who survive will be the ones who combine AI efficiency with human trust, authority, and leadership. As Jay Kinder put it: “Being good with people won't cut it anymore. You must become a trusted advisor, not just an agent.” Connect with Us: Instagram: @johnkitchenscoach LinkedIn: @johnkitchenscoach Facebook: @johnkitchenscoach If you enjoyed this episode, be sure to subscribe and leave a review. Stay tuned for more insights and strategies from the top minds. See you next time!
O Banco de Reciclaxe Electrónica con Software Libre do Campus Industrial de Ferrol, promovido pola Oficina de Cooperación e Voluntariado da UDC xunto co Programa Green Campus e Enxeñaría Sen Fronteiras, leva recuperados 15 ordenadores que xa foron entregados a persoas con baixos recursos, así como a entidades sociais como o Centro de Recursos Solidarios de Narón, ALCER e a Fundación Amigó de Lugo. Ademais de equipos informáticos, tamén deron unha segunda vida a monitores, radios ou mesmo pequenos electrodomésticos. O proxecto, segundo espazo destas características da Universidade da Coruña, busca fomentar o software libre, reducir residuos e loitar contra a fenda dixital.
It's Mailbag Tuesday! You've got questions, we've got answers. Welcome to a special edition of “Mailbag”! Segment 1: • How do I point my divorcing parents toward Christ when one is a believer and the other isn't? • Are independent or non-denominational churches biblically sound? • How do I overcome a paralyzing fear of God? Segment 2: • Does online dating show a lack of trust in God's plan? • How do I warn my family about dangerous NAR teachings without pushing them away? Segment 3: • Should churches openly share details about pastoral candidates and the hiring process? Segment 4: • What's the shortest, clearest way to explain the gospel to someone? ___ Thanks for listening! Wretched Radio would not be possible without the financial support of our Gospel Partners. If you would like to support Wretched Radio we would be extremely grateful. VISIT https://fortisinstitute.org/donate/ If you are already a Gospel Partner we couldn't be more thankful for you if we tried!
Episode SummaryBrian Boreo joins this week's episode to discuss the Clear Cooperation Policy, real estate marketing, and broader industry shifts.Full Description / Show NotesBrian's history and career background in the industryThe work he does at 1000WattConsumer research insightsHow REALTORS can differentiate themselvesThe CCP: what it is and how it's impacted the industryIf the NAR settlement has had an impact on consumersWhat trends he's keeping an eye on for the rest of the yearWhat's next for him and 1000Watt's relaunch
In this episode of Listing Bits, Greg Robertson sits down with Rich LaRue, Designated Broker for HomeSmart Arizona and VP of Corporate Brokerages for HomeSmart's Western region. Rich shares his background in real estate, thoughts on exclusive listings and MLS rules, and his perspective on the evolving role of associations, NAR, and vendors in the industry. Key Takeaways Rich LaRue oversees over 12,500 agents across Arizona, California, Colorado, and Texas, with more than 40 years in the business . On exclusive listings: HomeSmart's stance is client-focused—market broadly unless specific client needs dictate otherwise . LaRue acknowledges MLS rules can feel restrictive but stresses the need for common guidelines and transparency with clients . Predicts exclusive listing programs may be a short-term fad, with market cycles determining their relevance . Believes associations and MLSs may eventually separate, but stresses the ongoing local value associations provide, especially around advocacy and forms . Notes the recent push for MLS-only membership options and the challenges of balancing form libraries, branding, and NAR's influence . Advises vendors to be patient—sales cycles are long, especially in today's market—and to focus on helping agents articulate their value to clients . Highlights Raise, a product that helps agents track and communicate their value, as a timely and effective tool for buyer representation . Links LinkedIn Sponsors Trackxi – Real Estate's #1 Deal Tracking Software Giant Steps Job Board – Where ORE gets hired Production and editing services by: Sunbound Studios
No mais recente episódio de Entender Direito, a jornalista Fátima Uchôa ouviu os juízes do trabalho e professores universitários Rodolfo Pamplona Filho e Danilo Gonçalves Gaspar sobre os principais aspectos legais e jurisprudenciais do conflito de competência. Entre outros pontos, os dois magistrados pontuam os motivos que podem levar a um conflito entre juízes ou órgãos judiciais quanto ao julgamento de um caso, bem como explicam quem pode suscitar esse incidente processual, além de ressaltar o papel do Superior Tribunal de Justiça (STJ) na solução dessas controvérsias. Entender Direito é um programa mensal que traz discussões relevantes no meio jurídico, com a participação de juristas e operadores do direito debatendo cada tema à luz da legislação e da jurisprudência do STJ. Confira a entrevista na TV Justiça, às quartas-feiras, às 11h30, com reprises aos sábados, às 7h. Na Rádio Justiça (104,7 FM – Brasília), o programa é apresentado de forma inédita aos sábados, às 7h, com reprise aos domingos no mesmo horário. Além do canal do STJ no YouTube, está disponível nas principais plataformas de podcast, como Spotify.
The Industry Relations Podcast is now available on your favorite podcast player! Rob and Greg dive into the latest developments in the real estate industry, including Andrea's move to Real Estate News, Anne Marie's push for MLS independence, and ongoing debates around realtor commissions and compliance. They also examine a new lawsuit challenging enforcement of buyer representation agreements and revisit the idea of sub-agency as a potential solution to persistent steering problems. Key Takeaways Andrea at Real Estate News: Andrea joins Real Estate News, raising hopes for stronger investigative journalism in the industry. MLS Independence: Anne Marie's upcoming retirement sparks discussion on MLS separation from associations and questions of ownership structure. Realtor Commissions Rising: Despite reforms, commissions are reportedly up, prompting concerns over steering and transparency. ZEA v. NAR Lawsuit: A self-represented broker challenges MLSs and NAR over lack of enforcement of buyer agreements, potentially opening the door for class action. Compliance Issues: Evidence suggests weak enforcement of mandatory buyer agreements and ongoing loopholes in rules. Return to Sub-Agency? Rob argues a shift back to sub-agency could simplify compensation and cooperation while reducing steering conflicts. Future Uncertainty: Regulatory or legislative changes may be required to address systemic problems that lawsuits alone cannot solve. Links Real Estate News Article Connect with Rob and Greg Rob's Website Greg's Website Watch us on YouTube Our Sponsors: Cotality Notorious VIP The Giant Steps Job Board Production and Editing Services by Sunbound Studios
The Best 30 minutes in real estate news - Weekly!In this episode Steve Kaempf and Matt Lombardi break down Jerome Powell's recent Federal Reserve remarks, discussing interest rate cuts, economic uncertainty, and the real estate market's slowdown. They also cover NAR's legal battles, mortgage rate trends, and local market updates for Chicago and Wisconsin, offering expert insights for real estate professionals.Podcast Introduction (00:00:00)Jerome Powell's Jackson Hole Remarks (00:01:13)Hints at Interest Rate Cuts (00:02:09)Economic Outlook and Stagflation Explained (00:03:36)Market Reaction to Powell's Comments (00:05:01)Tariffs and Inflation Uncertainty (00:07:03)Federal Reserve Policy Framework Review (00:07:47)Powell's Closing Notes and September Rate Cut Predictions (00:09:00)NAR Mandatory Membership Legal Battles (00:09:59)Potential Impact of NAR Appeals (00:11:18)Summer Home Sales Slowdown (00:12:25)Discounts, Bidding Wars, and Market Variability (00:14:22)Psychological Impact of Fed Policy on Real Estate (00:15:48)NAR Leadership Summit Highlights (00:17:04)NAR's Three-Year Strategic Plan (00:19:00)Improving Member Benefits and Engagement (00:20:18)Mortgage Rate Snapshot (00:22:40)Existing Home Sales Update (00:23:26)New Home Sales and Inventory (00:25:02)Chicago Metro Area Real Estate Stats (00:27:04)Wisconsin Real Estate Market Update (00:28:28)Chicago Cubs and Bears Sports Segment (00:29:22)Podcast Announcements and Closing (00:30:50)Full episodes available at www.peoplenottitles.comPeople, Not Titles podcast is hosted by Steve Kaempf and is dedicated to lifting up professionals in the real estate and business community. Our inspiration is to highlight success principles of our colleagues.Our Success Series covers principles of success to help your thrive!www.peoplenottitles.comIG - https://www.instagram.com/peoplenotti...FB - https://www.facebook.com/peoplenottitlesTwitter - https://twitter.com/sjkaempfSpotify - https://open.spotify.com/show/1uu5kTv...
https://www.ah-lawyers.com/In this episode of the People Not Titles podcast, host Steve Kaempf interviews Peter Fitzgerald, managing partner at Angelina and Eric Law Firm. Peter discusses his journey from real estate attorney to firm manager, sharing insights on leadership, delegation, and work-life balance. The conversation covers industry changes, including the impact of the NAR lawsuit, commission trends, and new contract provisions. Peter emphasizes the importance of communication, teamwork, and adaptability in serving clients and agents, while reflecting on the evolving real estate landscape in Chicagoland.Podcast Introduction (00:00:00)Peter's Career Journey & New Role (00:00:47)Learning to Manage & Mentorship (00:01:35)Growth, Ambition, and Patience (00:03:05)Work-Life Balance & Personal Wellness (00:06:28)Delegation & Intern Training (00:07:55)Balancing Client and Agent Relationships (00:09:01)Communication & Accessibility Protocols (00:10:54)Importance of Staff & Team Growth (00:12:16)Firm Culture & Idea Sharing (00:13:47)NAR Lawsuit & Industry Changes (00:16:05)Agent Value & Commission Trends (00:19:03)PLN vs. MLS & Industry Strategy (00:22:27)New Real Estate Contract Changes (00:26:02)Market Conditions & Seller's Market (00:30:31)Chicago Bears Stadium & Local Real Estate (00:32:25)Chicago Sports Fandom (00:36:03)Firm Expansion: Litigation & Estate Planning (00:37:29)People, Not Titles podcast is hosted by Steve Kaempf and is dedicated to lifting up professionals in the real estate and business community. Our inspiration is to highlight success principles of our colleagues.Our Success Series covers principles of success to help your thrive!www.peoplenottitles.comIG - https://www.instagram.com/peoplenotti...FB - https://www.facebook.com/peoplenottitlesTwitter - https://twitter.com/sjkaempfSpotify - https://open.spotify.com/show/1uu5kTv...
Rochester's housing market is at a crossroads. In this episode, hosts Nick and Christine are joined by TST co-host, Jess DeCotis, as they all sit down with Jim Yakko, CEO of the Greater Rochester Association of Realtors (GRAR), and GRAR President Don Simonetti Jr. to unpack the region's housing crisis and the bold steps being taken to address it. From accessory dwelling units and modular builds to 3D-printed homes and large-scale redevelopment projects, the conversation explores both the challenges and innovative solutions reshaping how Rochester can meet its housing needs. Discover how the Reimagine Rochester Housing initiative is pushing for affordable, sustainable, and community-minded development across the 585.Connect and Follow ReImagine Roc Housing at: www.ReImagineROCHousing.orgAbout Jim Yockel, CEO, Greater Rochester Association of RealtorsEmail: jyockel@grar.netLinkedIn: www.linkedin.com/in/james-yockel-7b8a103aJim Yockel is the Chief Executive Officer for the Greater Rochester Association of REALTORS®, representing more than 3,000 REALTORS® across 11 counties in the Rochester, Finger Lakes, and Southern Tier regions of New York.As the Association's spokesperson, Jim works alongside community and government leaders to improve housing affordability and equitable access in the region. He currently co-leads the ReImagine ROC Housing initiative, an industry-driven effort to tackle Rochester's housing shortage by collaborating with key stakeholders in business, government, and community development.Jim earned his Bachelor of Science in Economics and Business Management from Cornell University. He also holds the prestigious REALTORS® Certified Executive designation from NAR and the Certified MLS Expert designation from the Council of MLSs.About Donald Simonetti Jr.Email: donjr@howardhanna.comDonald specializes in executive relocation to the Greater Rochester Area. Born and raised in Rochester, he have a detailed understanding of the local housing market and history. I'm also a proud member of the Greater Rochester Association of Realtors. I look forward to working you and finding your next home.About Jess DeCotisEmail: jessdecotis@gmail.comLinkedIn: www.linkedin.com/in/em-marketingFacebook: www.facebook.com/jessdecotishomesInstagram: www.instagram.com/jessdecotishomesJess DeCotis is an experienced Real Estate Agent focused on providing premium service in all transactions. Clients rave about her ability to quickly analyze and adapt to the market when buying and selling homes. With almost 15 years of professional marketing and sales experience, Jess has a strong business acumen that assists in advocating and negotiating for her clients. Whether you're buying or selling your way into a dream home, Jess DeCotis is the smart move. Jess is also the co-host of TST in the 585 sister podcast That Sounds Terrifying.More About That Sounds Terrific in the 585 – Hosts Nick Koziol & Christine GreenFor more information on That Sounds Terrific in the 585, visit our website at That Sounds Terrific and be sure to follow us on Facebook, Twitter, and Instagram. If you or someone you know is doing something terrific in the 585 area and should be featured on our show, email us at thatsoundsterrific@gmail.com.Special Thanks To Our Key Supporters585 Magazine and their team for their support with the That Sounds Terrific in the 585 podcast. Be sure to become a subscriber of this terrific magazine - learn more at https://585mag.comThank you to Morgan Brown and Meadow Viscuso, our terrific intern duo from SUNY Fredonia for all their hard work and for lending their voices and music to the Intro and Outro of the That Sounds Terrific in the 585!
In this episode of "The People Not Titles Podcast," Steve Kaempf and Matt Lombardi discuss the real estate market as of August 18th, marking the one-year anniversary of the NAR settlement and its impact on agents, commissions, and NAR membership. They also cover the relaunch of the Broker Public Portal, Howard Hanna's rebranding of Allen Tate Real Estate, insights from Gary Keller, Berkshire Hathaway's investments, mortgage rate trends, Chicago sports updates, and a feature interview with investor Andrew Holmes.**Podcast Introduction (00:00:00)****NAR Settlement One-Year Anniversary (00:00:31)****Effects on Agents, Commissions, and Membership (00:01:26)****Market Stagnation and Agent Resilience (00:02:41)****Soccer Analogy for the 2024 Market (00:04:44)****Broker Public Portal Relaunch (00:06:26)****BPP History and Relaunch Details (00:06:58)****BPP's Industry Impact and Features (00:08:30)****MLS Integration and Technology (00:09:35)****Agent Control Over Listings (00:10:45)****Howard Hanna and Allen Tate Rebranding (00:11:32)****Howard Hanna's Expansion Strategy (00:12:08)****Brokerage Consolidation Trends (00:13:00)****Gary Keller's Market Insights (00:14:43)****Home Price Increases in Q2 2025 (00:17:09)****Regional Home Price Breakdown (00:18:42)****Market Disconnect: Jobs vs. Homeownership (00:19:27)****Pent-Up Demand and Migration Trends (00:21:18)****Berkshire Hathaway Invests in Homebuilders (00:22:03)****Significance of Berkshire's Moves (00:24:13)****Mortgage Rates Hit 10-Month Low (00:25:19)****Potential for a Fall Market Rally (00:26:21)****Chicago Sports Segment (00:26:54)****Andrew Holmes Interview Promo (00:28:23)****Podcast Closing (00:29:05)**People, Not Titles podcast is hosted by Steve Kaempf and is dedicated to lifting up professionals in the real estate and business community. Our inspiration is to highlight success principles of our colleagues.Our Success Series covers principles of success to help your thrive!www.peoplenottitles.comIG - https://www.instagram.com/peoplenotti...FB - https://www.facebook.com/peoplenottitlesTwitter - https://twitter.com/sjkaempfSpotify - https://open.spotify.com/show/1uu5kTv...
The New Age has not only crept into such movements as the New Apostolic Reformation, but practices and teachings have become mainstream in it. One of those teachings is that of supernatural portals and how to access them. Some popular teachers of this are people such as Patricia King, Katie Souza, Joshua Mills, and Brian Simmons of The Passion Translation. They teach that the Bible speaks of portals and how to operate in them, but is this true? Join me as we examine this belief of power portals espoused by those in the hyper charismatic and NAR. My info:Website: http://www.lovesickscribe.comSubscribe to my blog here: http://eepurl.com/dfZ-uHInstagram: https://www.instagram.com/lovesickscribe/Facebook: https://www.facebook.com/lovesickscribeblog
On Bobbi Howe's final episode as co-host, she and Alex look back at nearly 7 years hosting Kansas City RealTalk, look forward to Bobbi's future role as NAR officer, and share takeaways and advice from Bobbi's long and growing real estate career.
On this episode of Housekeys Podcast, we are joined by REALTOR® Judy Covington—a true industry leader with over 25 years of experience. Judy started her career in the SAR Internship Program, and she never looked back. Judy has served in key leadership roles with SAR, CAR, and NAR, all while staying rooted and involved in her community. Host Cam Villa sits down with Judy and talks about her journey, the power of real estate, and her advice for new agents to cut through distractions and master their craft. Music: Welcome to the Show by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/4614-welcome-to-the-show License: https://filmmusic.io/standard-license All speakers in this podcast do not speak on behalf of the Sacramento Association of REALTORS® nor do they represent the Sacramento Association of REALTORS®. All presenters are speaking on behalf of their own profession.
Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.In today's episode, we put a bow on the Western Secondary Conference. Plus, Robbie sits down with HomeLight's Sumant Sridharan to discuss the latest surveyed trends among real estate agents a year after the NAR settlement and how technology is shaping their interactions with both lenders and borrowers. And we close by going through the reaction to the latest CPI figures.ICE has and continues to transform the housing finance and homeownership experience. By seamlessly integrating best-in-class solutions, ICE optimizes every stage of the loan life cycle. As the standard for innovation, artificial intelligence, efficiency and scalability, ICE is the technology of choice for the majority of industry participants, defining the future of homeownership.
Send us a textAndrea Gordon shares her 27-year journey as Berkeley's top-producing real estate agent for Compass while pursuing multiple creative passions. She created her podcast "Realizations" to educate people about what realtors actually do after feeling frustrated about NAR lawsuits and commission misconceptions.• Real estate agents meet clients at major life transition points that are inherently stressful• Most people don't move unless they have to—requiring agents to have both market knowledge and emotional intelligence• Effective marketing strategies like consistent bus bench advertising for 23+ years• Increasing marketing during economic downturns helped establish stability when others pulled back• Understanding when to help clients overcome fear to make good decisions• Pushing past fear is essential for both clients and agents to achieve success• Andrea balances her real estate career with multiple passions: pursuing a PhD in her 60s, writing plays, publishing children's books• Working with a realtor is crucial even for experienced investors to handle comps, listings, and sales• The value of teamwork in real estate: "Teamwork makes the dream work"• Andrea's life philosophy: "If not now, when?" and "What would you attempt if you knew you could not fail?"Leave a five-star review to help the podcast reach two million downloads! Find me at dwanderful.com and on all social media @Dwanderful. Thanks again for listening. Don't forget to subscribe, share, and leave a FIVE-STAR review.Head to Dwanderful right now to claim your free real estate investing kit. And follow:http://www.Dwanderful.comhttp://www.facebook.com/Dwanderfulhttp://www.Instagram.com/Dwanderful http://www.youtube.com/DwanderfulRealEstateInvestingChannelMake it a Dwanderful Day!
The Legal Team discusses the one-year anniversary of the NAR settlement.
Keith fields listener questions on: changes to realtor fees, down payment strategies for investment properties, and how the new 100% bonus tax depreciation really works, then staggering inflation statistics that motivate you to invest in real assets. He explains that realtor fees have shifted from a 6% listing fee to a 3% seller fee, with potential buyer contributions negotiable. For down payments, he advises maximizing leverage while avoiding over-leverage. Bonus depreciation allows for significant tax deductions in the first year, benefiting high-income investors. Resources: Connect with a recommended cost segregation engineer to take advantage of bonus depreciation here. Show Notes: GetRichEducation.com/566 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:00 Welcome to GRE. I'm your host. Keith Weinhold, fielding your listener questions on changes to realtor fees, your down payment strategy, and how the new 100% bonus tax depreciation really works, then staggering inflation statistics that motivate you to invest in real assets today on Get Rich Education. Keith Weinhold 0:26 Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week. Since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com Speaker 1 1:12 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:22 Welcome to GRE from Athens, Pennsylvania to Athens, Georgia to Athens, Greece, and with listeners across 188 world nations. You are listening to get rich Education. I'm your host. Keith Weinhold, yeah, you and I are back together for a 566th wealth building week. This is not where you learn how to create wealth through careful sports wagering at DraftKings. We also don't try to do everything like WalMart. We talk about investing actually pretty aggressively yet reasonably and responsibly at the same time. Usually those attributes are opposites, but because we are leveraging the most proven wealth building vehicle of all time, real estate, where you don't have to be the landlord. You don't need to get deeply hands on with house flipping, and you don't need to own property in your local market, though you could. We are not day trading. We are decade trading. There's not a get rich quick element here at GRE, because that doesn't work. We're owning mostly long term rental properties, bringing the financially free beats debt free approach and cognizant that compound leverage Trumps compound interest. And from the day you start focusing on this, you can retire in five to 10 years, and you can take it as far as you want, because unlike many professional sports, the sport of real estate investing doesn't have any salary cap at all. I'm starting off with three of your listener questions today. You write into the show with your questions and what I've got a few that I think could help a lot of you. I answer them here. And as usual, I start with the more introductory question, and then I proceed to the more advanced. The first one comes from Sherry In Sellersburg, Indiana. I know where that is. It's just across the river and to the north of Louisville, Kentucky. Sherry asks when I go to sell my duplex, how have last year's changes in realtor fees affected my sale costs? Yeah, thanks for the question, Sherry. And a lot of people still wonder about this first and a big little technical here, but this benefits other listeners Sherry is that a realtor means that they are a member of the NAR, the National Association of Realtors. So not all people that you enlist to help you market and sell your property are realtors, because not all agents belong to the NAR. In fact, the best catch all term for this person is not an agent. Depending on the state you're doing business in, it's probably licensee, someone licensed to act as your professional intermediary in a real estate transaction. And by the way, the name of an NAR member is a realtor. It is not pronounced real utter it's realtor, like doctor and lawyer. You wouldn't call a doctor a doctor two syllables, realtor, but to get to the crux of your question, Sherry, the changes to realtor compensation took effect almost exactly a year ago. It was last August, and it has less. Of an effect on the industry than many thought. I stated last year that it likely wouldn't affect things much, especially here on the investor side, and it really hasn't. The simplified version is that the old landscape was that when you used to list the property for sale, the listing agent charged you a fee, traditionally, 6% they offered half of that to any cooperating broker that brought the buyer to you. That was simple, and that worked for decades. That changed one year ago now, when any realtor or really licensee, when they work with you, now they simply contract with you for their fee, only like 3% as a seller of the property, you no longer have an obligation to pay for the buyer side agent as well, like you used to. But when you sign a listing agreement, you can indicate that you may be willing to concede and give an allowance to the buyer when they engage a licensee on their side to help them purchase your property. So Sherry, your voluntary contribution to the buyer side is negotiable, and it's part of the offer that the buyer presents to you. Now that's what you'll see as the seller and what you should expect as a buyer. The new landscape is that buyers negotiate a personal service agreement upfront with their licensee. Their service isn't free. I mean, these people can't work for free, and the buyer side licensee acknowledges that they will try to negotiate to get the seller to pay that fee. So Sherry, in reality, that's still what often happens. So the seller still pays that fee. In the end, the reason why is that not only is this traditional, but buyers cannot normally afford to pay for their own representation on top of their down payment and closing costs. They're often spread pretty thin already, but sellers can typically afford it. They have the upper hand financially in the form of equity in the property. And here, when you're buying properties at GRE marketplace, you don't have to pay any of those fees. We use a direct model without a licensee. So that's sort of the short version of the change, and why. I hope that helps sherry. It's a good question. Even licensees are struggling with the new rules. Keith Weinhold 7:38 The next question comes from Jezebel in Yonkers, New York. Jezebel asks, what is the ideal percent down payment that I should make on a rental property? I'm trying to figure out the trade off between debt level, cash flow, leverage and risk. I'm still trying to get past the mindset that paid off property is best. All right, that's Jezebel's question, and Jezebel The short answer is that you want to make the smallest down payment possible while avoiding over leverage. Over leverage, meaning that your monthly payments are so big that you struggle to make them. Now, many investors that buy rental property, they're going to make a 20% down payment on a conventional loan for a single family rental. At last check on duplexes and up the down payment has to be at least 25% now you can make a down payment as low as 15% at least on a single family rental, although you would then be subject to an extra fee a PMI premium. Now, why would one do such a thing for the leverage? Because leverage is almost seven to one at 15% down, but you've got to balance that with a PMI premium. Run the numbers and see what works for you. Now, since you can make just a 20% down payment on a single family rental, conversely, why would you put 25% down? Your leverage position would slide from five to one down to four to one, where you can often get a slightly lower interest rate if you put 25% down. But when you run the numbers, you'll find that it's often better to maintain strong leverage and only put 20% down. Now, Jezebel, as soon as you start putting 30% down on a property that is questionable at 30% or more, because at that point you really have to start asking why the rate of return from home equity is always zero. It actually makes your risk go up, like I've discussed extensively before, with 30% down, your leverage ratio has been cut to 3.3 maybe the answer could be that 30% down is what it takes to produce. Positive cash flow, but putting 30% or more down is clearly not ideal. Think about how good we've got it as real estate investors here, for example, imagine that you're attracted to a dividend paying stock because it pays a 4% yield, unless you're borrowing on margin, you would need to make a 100% down payment to get that 4% cash on cash return from a dividend paying stock, 100% sunk into this, which isn't even a down payment anymore. That's just an outright free and clear stock purchase. Well, instead, in real estate, when you realize that property prices rise or fall in value regardless of how much equity is in a property, you don't have an incremental increase in your equity growth. It's a quantum leap. And here's what I mean. Jezebel, say you're investing 100k in real estate, that's how much you're going to put into it, and it appreciates at 5%. All right, there are two scenarios with that. Scenario A, you put that 100% down into just one 500k property, well, then you've got just a 25k gain after a year. Instead, with Scenario B, you put 20% down on five 500k properties, then you've got a 25k gain after a year, not just 5k Said another way more powerfully. Scenario A, you only got a 5% return on one property. In Scenario B, you got a 25% return on all of five properties. Wow. That's why the leverage light bulb, when that goes off, that is an incredible flex that you've got. That's why I say it is not an incremental gain in your wealth. It is a quantum leap. So I hope that some of those considerations really help temper your strategy there. Jezebel, that really helps you see how financially free beats debt free and exposes the opportunity cost of a paid off property. Thanks for the question. Keith Weinhold 12:19 The next question comes from Ed, and he is a personal friend of mine, so he submitted this question by text message to me, but I wanted to address his question here, because I've had other people in my friend group ask me about this. It's about bonus depreciation, what it is. It's about bonus depreciation, what it is and how it works. And what's interesting here is that even those that aren't active real estate investors have been asking me about bonus depreciation. This was part of Trump's OB BBA, the one big, beautiful Bill Act that was signed into law back on the Fourth of July, and I told you about that last month, but because of all the questions about it and the lack of clarity around people's understanding of bonus depreciation, although it gets a little busy, let me give you a real world example with numbers on how bonus depreciation really works and how you can put 10s of 1000s of dollars in your pocket with it the next time you file your taxes. And by the way, my friend Ed that asked this question is a cargo pilot, so he is probably the most well traveled friend that I have. Yeah, through our chats and on social media, I often see that he's in China or Vietnam or a bunch of other places, but he lives in the US. In fact, bonus depreciation is encouraging more people that haven't even been real estate investors previously to newly invest in real estate because it is for properties acquired January, 20, 2025, or later, Trump's inauguration day for his second term or later. And I expect this to be effective for at least four years from that date. I think I mentioned that part to you a few weeks ago. All right, the property has got to be newly placed in service, not something that you bought, say, five years ago. Bonus depreciation does not apply to primary residences. We're talking about rental property, although it does apply to more than just rental property, because it can apply to property used in a business, like equipment, machinery and furniture, but within rental property, it applies to certain components of the real estate, not the building itself. That is on a regular depreciation schedule, and not the bare land. Land cannot be tax depreciated at all. All, neither through regular depreciation or bonus depreciation. You probably already know that a residential building itself can be depreciated over 27 and a half years. That works out to 3.6% of the value each year that can be depreciated or written off on your taxes, right? Well, what if there were portions of your building that you could write off faster, like over just five years, meaning 20% of their value each year you can, and others over seven years, meaning 14% of their value each year you can. And there's 15 year items as well. All right, so what if, instead of all that, you could take those five seven and 15 year components and just write them all off in the first year of ownership, so that you didn't even have to wait the five seven in 15 years, you can, you can write them all off in year one of your ownership of the property, and that is what 100% bonus depreciation is right there. That is in addition to writing off the main building over 27 and a half years. All right, with that understanding generally, let me break this down in more detail. Use an example, and that will also help reinforce what I just taught you, the components of rental property that bonus depreciation applies to, include the stuff that wears out faster than the building, and they are indoor items, appliances, flooring and cabinetry. At times, it can include HVAC systems, all right, that is written off in five to seven years. And then outdoor items known as land improvements, that includes fences, parking lots and landscaping. They're typically written off over 15 years. All right, let's look at a real world example on how this can benefit you. You can use bonus appreciation on single family rentals, duplexes, fourplexes and larger buildings. Let's use an example of an apartment building that you purchase for $1.2 million one we'll say the land value is 200k that is not depreciable. So the building, the depreciable asset, has a value of $1 million you must have performed what is called a cost segregation study in order to break down that $1 million building into those erstwhile faster depreciating components. And no, you cannot do the cost seg study yourself. You need to pay a few $1,000 to hire a Cost Segregation engineer to do this study. All right, let's look at the cost seg breakdown, the result of what he or she finds for you, let's say the personal property that's worth 150k its recovery period is five to seven years, and yes, it is eligible for bonus depreciation. Then you have the land improvements say that's another 50k over 15 years for a recovery period. And yes, it is bonus depreciation eligible. And then finally, you have the structure, or the building worth 800k It has a recovery period of 27 and a half years. No, it is not eligible for bonus depreciation, just the regular type. All right. Well, let me define more of this personal property for you here these five or seven year assets, these are what are eligible for 100% bonus depreciation in qualifying years. So we're looking inside the units, appliances like refrigerators, ovens, dishwashers, microwaves, washers and dryers, also flooring, carpet, vinyl and removable floating floors, not typically hardwood or tile, cabinetry and countertops in some cases, especially if they're not load bearing. Window treatments like blinds, drapes and curtain rods, ceiling fans and light fixtures, they've got to be detached from the structure and furniture, if it's a furnished rental, like perhaps a midterm rental or short term rental. So we're talking about things like beds, couches, in chairs and then in common areas. This five to seven year personal property includes fitness equipment in the gym, leasing office, computers, desks, chairs, clubhouse furniture or TVs, package lockers, like places where your tenants have their Amazon packages, playground equipment and trash compactors. All right, to be clear, that was all personal property that can be depreciated over five to seven years. And then there are those land improvements, the. 15 year assets also eligible for bonus depreciation, sidewalks, fencing, landscaping and irrigation, parking lots and striping, outdoor lighting, retaining walls and signage. Okay again, those are the land improvements, the 15 year items, things that are not eligible for bonus depreciation are the building structure itself, like I mentioned. That includes the roof framing, drywall foundations, and also things like elevators, structural plumbing and wiring and HVAC systems that serve the whole structure. Okay, all that stuff falls in the category of regular 27 and a half year depreciation. All right, so what is the 100% bonus depreciation effect? All right, well, your eligible amount in our example is 150k of personal property plus 50k of land improvements. That's 200k that you can deduct all in one year, rather than having to spread it over five and seven and 15 years. But all in year one of you owning the property that's 200k and again, the remaining 800k structure is depreciated over 27 and a half years. That works out to about 29k a year. This is where it gets exciting. Here we go. So your total year one depreciation, the year that you bought this asset and put it into service, with your bonus depreciation items adding up to 200k and your regular building depreciation at about 29k your total year one deduction is about $229,000 Wow, before I break that down some more and tell you about how it really helps you, let's just be really clear. How did you really get to the 200k of bonus depreciation. All right, let's say the cost segregation study allocated 80k to appliances, flooring and fixtures. Remember, they are the five to seven year items. Another 70k to common area, furniture and office equipment, that was the seven year stuff. All right, so there's 150k or personal property, and then another 50k to that outdoor stuff, the depreciable items known as land improvements, like the parking, landscaping and fencing, those 15 year items, that's how we got to 200k all bonus depreciation eligible, all fully deductible in year One under the 100% bonus depreciation rules, all right, so here it is. Here's the takeaway. You have front loaded an extra 200k of deductions in year one, and you have greatly reduced your taxable income. This is the outcome. This is the result. You just reduced it by 229k between the bonus appreciation and the regular depreciation. All right, so what is the effect of you reducing your taxable income by 229k in one year? Well, if you're in the, say, 32% tax bracket, you keep an extra $73,000 in your pocket. That's $73,000 that you would have had to send to the IRS for the next tax year. But no, you don't, and that is the power of bonus depreciation. That's how it works. Ed, and for all of you that asked about it, I know it's not that simple, and there were a lot of numbers flying around there, it got a little heavy, but that's a complete breakdown. That's why so many people are excited about the return of 100% bonus depreciation, as laid out in law with the one big, beautiful Bill Act, as you can see, it's going to help higher income people more than anyone. If you'd like to get this going and connect with GRE recommended Cost Segregation engineer, or just check and see if it's worth paying several $1,000 for the cost segregation study, we can help you with that. In fact, you might remember that I interviewed him on the show last year, and we will make that introduction for you and help ensure that you have a successful cost seg and bonus depreciation experience regardless of the size of your portfolio, even if you don't own million dollar apartment buildings. You don't have to have a huge income for this to benefit you. It just benefits those people the most. Well, you can set up a time to chat with us about that completely free of charge at GRE investment coach.com I think you know that's where you can also get a completely free strategy session about growing your overall real estate investment portfolio. You might as well do that at the same time at GRE. Investment coach.com. More next, I'm Keith Weinhold. You're listening to get rich education. Keith Weinhold 25:07 The same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties, they help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President Chaley Ridge personally. While it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com. Keith Weinhold 25:39 You know what's crazy your bank is getting rich off of you, the average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back, no weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family 266, 866, to learn about freedom family investments, liquidity fund. Again, text family to 66866, Blair Singer 26:49 this is Rich Dad, sales advisor, Blair singer. Listen to get rich education with Keith Weinhold. And above all, don't quit your Daydream. Keith Weinhold 27:07 welcome back to get rich Education. I'm your host, Keith Weinhold, if you have a listener question that you'd like to have answered on air, get a hold of us at get rich education.com/contact that's where you can either leave a voicemail or write in to us. I'd like to tell you the frequent guests that we have here on the show, all from the rich dad school, if you will, are going to be speaking in person at Penn State University in just a few weeks. Here it is on the 29th of this month. Yes, an event you can attend in person. It's going to be Robert Kiyosaki, Garrett Sutton and his son Ted Sutton and Tom wheelwright, the four of them speaking live and in person, sponsored by Penn State's Borrelli Institute for real estate studies. The event is named Rich Dad revealed Real Estate Wealth and wisdom. If that's of interest, look it up and check it out. From listening to the show and being a savvy investor that's inflation aware, you know that the mission is to turn a really fake asset, a conjured into existence asset, like $1 convert that into a real asset. Here is some astonishing clarity on why. That's the mission in this could leave you flabbergasted. Since 1980 The United States has one and a half times more homes, two times more gold today, and 42 times more dollars today. My gosh, that is almost laugh out loud material here. Yes, since 1980 the year that Jimmy Carter was president and Star Wars, The Empire Strikes Back, was the top grossing movie. The US has 56% more residential housing units today. So basically, since the year that Darth Vader told Luke Skywalker, I am your father, there are about one and a half times more homes, twice as much gold mined and brought into existence, and 42 times more dollars created out of thin air for the future, all of these trends are expected to continue at roughly the same trajectory and proportion to each other. Now, there's a reason that people use precious metals to measure inflation. It makes a particularly good measuring stick because commodities like gold, silver, platinum, palladium, rhodium and copper, they don't change over time. Unlike a car or a bottle of soda, these items are on the periodic table of the elements, an ounce of gold 1000 years ago is exactly the same. As an ounce of gold today. That's why commodities like this are such good long term inflation measuring sticks. And then there's Bitcoin, something that didn't even exist until 2009 there will only ever be 21 million of them in existence, and 95% of Bitcoins, about 20 million have already been mined into existence. So yes, only 5% more will be issued, and it's going to take about the next 100 years to do that. If bitcoins were the size of a quarter, all 21 million of them could fit inside a single shipping container. There's some fixed supply scarcity. Let's listen to this. It's about 30 seconds long, and it's called all there will ever be. Speaker 2 30:50 Every day the Fed prints an average of $465 million that's 26,000 shipping containers a year, created out of thin air. Maybe that's why the dollar loses value over time. But there's one thing they can never print more of Bitcoin at the size of a quarter. This is all there will ever be. Shouldn't the store of value hold its value? Keith Weinhold 31:16 That's actually a Coinbase video advertisement that we just listen to the audio of there together. Yes, what they show at the end is a shipping container where, if bitcoin were the size of a quarter, all of them that will ever exist would fit in one shipping container. And like it said, every single year, on average, the Fed prints enough dollars to fill 26,000 shipping containers, just staggering. There are so many dollars now, I'm thinking of replacing my insulation with stacks of ones. Same R value, better liquidity. Pretty soon, we won't count dollars anymore. We'll just weigh them. Welcome to the Zimbabwe starter kit. We have gone from sound money to clown money. That's another way to think of it. Oh, they say money doesn't grow on trees. That's true. It grows in spreadsheets. Now, though, one keystroke at the Fed and poof, there's another trillion just like that. Just hit the control, plus the print key. That's all it takes. All right. Well, let's take a look and see how this manifests in your life as a consumer and as a real estate investor and as a worker since January of 2020 to today, a $100,000 salary has the same buying power as 125k today. Guess over just the last five years, the dollar has lost 25% of its value, and now I'm talking in terms of the CPI here, the consumer price index. So of course, all these figures I'm using could really be higher, like we say, therefore these figures are only the inflation rate that the government is willing to admit to. How does this break down by region? So yes, we have 25% national inflation over five years, but different regions have different rates of inflation, including the region where you are, and this is due to reasons like climate and the composition of industries and even cultural preferences. For example, a southern climate with a lot of air conditioner use spends more on electricity. So if electricity costs are high there, then that region's inflation rate could be higher than that of a northern climate. A place like Omaha, Nebraska is proximous to a lot of agricultural crops and beef, but a place far from where those items are sourced could be more sensitive to changes in beef prices or less sensitive. So over the past five years, here's how much annual inflation in these select cities have experienced again, per the CPI from lowest to highest San Francisco is just 3.3% per year. So in San Fran your 100k salary in 2020 would need to be almost 118k today just to maintain purchasing power. New York City, 3.9% annual inflation over the last five years. Chicago, 4.2% Philly, 4.3 Seattle is at 4.8 Dallas, Fort Worth 4.9 St Louis, 5% Atlanta, 5.1 Miami, 5.4 we're really getting up there now. Phoenix, 5.9 San Diego, 6.1 and the major. Major city with the highest inflation rate over the past five years is Tampa, Florida, at 6.4% annually, Tampa's had some of the highest real estate appreciation over the past five years as well. So this means that a 100k salary five years ago in Tampa would have to be 128k today just to maintain purchasing power due to its 28% cumulative inflation the past five years. But that's the CPI. The real figure could be 40% plus in Tampa. All right, now this information is useful, because even if you believe that the CPI is understated, which most everyone that's looked at it does, as long as the methodology is consistent, you can see the regional variation here. Again, San Francisco was lowest at 3.3 Tampa about double at 6.4% the ever present force of inflation. It's merely surreptitious, until you have a big wave of it peaking in 2022 that everyone noticed. Let's look at how it's contributed to the real estate price run up since 2020 All right, so in the first quarter of this century, you might find this unbelievable in itself, in the year 2000 the median priced Florida home was 195k I mean, that's the median price. Then the investor sweet spot is usually lower than that. It might have been 130k in Florida in the year 2000 so again, 195k in Florida for the median home price as recently as 2000 today, it is 412k gosh, almost as surprising in Texas, It was just 153k in 2000 and it's 338k now, I mean, don't these prices like 153k in Texas, make it seem like the price for a dog house already, New York, 276k up to 576k Also from the year 2000 to today, Washington, DC, 293k up to 643k Colorado, 377, up to 582k Florida, more than doubling 393, up to 833 And Washington State also more than doubling 313k up to 630k my gosh, price increases like this. They're a function of both monetary inflation and appreciation, and it's really a chief reason that the Fed has not cut interest rates this year. It's because the memory of soaring inflation is still much too recent. Keith Weinhold 38:05 To review what you've learned on this week's episode. Changes to realtor fees have made less industry impact than many expected. The smaller your down payment, the more powerful your leverage fulcrum. The return of 100% bonus depreciation has many investors, and even non investors, interested in adding income property to their portfolio, and staggering inflation is a motivator for adding real assets to your life. Hey, if you would, I would love it, and it would mean the world to me. If you found this episode valuable enough that you would share it with a friend. I put a lot of thought into it, just like I do every single week, friends are probably going to find explanations about realtor fees and bonus depreciation highly helpful this week, you can either share the episode by word of mouth or take a screenshot of this episode and put it on your social media. You might want to write out that it's get rich education in your social posts, because it only shows GRE on our podcast, cover image in some views. Thanks for telling a friend about the show. Until next week, I'm your host. Keith Weinhold, don't quit your Daydream. Unknown Speaker 39:23 nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively. Keith Weinhold 39:47 You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got paywalls and pop ups and push Notes. Vacations and cookies, disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video course, it's all completely free. It's called The Don't quit your Daydream. Letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre to 66866, while it's on your mind, take a moment to do it right now. Text gre to 66866 Keith Weinhold 41:02 The preceding program was brought to you by your home for wealth building, getricheducation.com.
Per ascoltare la puntata di Altre Indagini registrati gratuitamente qui. Due anni fa cominciò a uscire Altre Indagini, il podcast di Stefano Nazzi per le abbonate e gli abbonati del Post che ogni due mesi racconta alcune delle grandi vicende della storia italiana. Per questo anniversario, la puntata di agosto di Altre Indagini può essere ascoltata gratuitamente da chiunque: basta creare un account gratuito sul sito o sull'app del Post. Questa storia di Altre Indagini parte dal 23 giugno 1980, quando il giudice Mario Amato fu ucciso a colpi di pistola mentre aspettava l'autobus per andare al lavoro, a Roma, vicino a casa. Due persone si avvicinarono a lui in moto, una di loro scese, gli sparò alle spalle e risalì sulla moto per scappare. Amato fu ucciso da due militanti dei NAR, i Nuclei armati rivoluzionari, mentre indagava sui legami tra la politica e i gruppi terroristici neofascisti. Fu ucciso proprio perché indagava sul terrorismo neofascista. Com'è possibile che un magistrato che indagava su gruppi armati di estrema destra non fosse sotto protezione e aspettasse da solo l'autobus a una fermata? Perché a quelle indagini lavorava solo lui, senza alcun aiuto? Chi erano le persone che lo uccisero, da dove venivano e che cosa volevano fare? E che cosa successe dopo? In questa puntata di Altre Indagini Stefano Nazzi cerca di spiegare che cos'erano i nuovi gruppi terroristici di destra formatisi nella seconda metà degli anni Settanta, chi erano le persone che ne facevano parte e racconta quali erano i loro legami con le vecchie organizzazioni fasciste e con la criminalità organizzata. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's Podcast is for the spiritually mature, because we'll be discussing a few subjects that many of us including me agree with in principle, but fall way short in practical application. Our two main topics today center around the now-approved plan by Israel for a military takeover of all of Gaza, and the wave of Christian Nationalism brought to use by the New Apostolic Reformation adherents that dominate the Trump administration. If you believe the Bible, both these things will end in bitter failure, there's a reason for that, and we're going to talk about it.“And Jacob called unto his sons, and said, Gather yourselves together, that I may tell you that which shall befall you in the last days.” Genesis 49:1 (KJB)On this episode of the Prophecy News Podcast, we are here on Day 1,971 of 15 Days To Flatten The Curve, and the end times activity continues to pin the needle on the prophecy meter. In the Middle East, Israel is walking into a very unpopular takeover of all of Gaza condemned by Germany, Saudi Arabia and England among others. Even many Israelis in Israel are not happy with this new direction. Over in America, a different problem is taking shape, the ‘apostles' of the New Apostolic Reformation that make up the majority of the “Christians” in the Trump administration want to create a theocracy. Launched back in May with a blog post entitled ‘Mission To Babylon', a church has been planted in Washington, DC, that says they are ‘a Conservative, Reformed, & Evangelical church in D.C. We affirm the Apostles Creed, the Nicene Creed, the Definition of Chalcedon, and the Westminster Confession of Faith.' Calvinism, NAR and Evangelical all rolled into one, big, fat mess. Oh, boy, is that ever a recipe for Laodicean disaster. But into the breech we go on this edition of the Prophecy News Podcast!
The Industry Relations Podcast is now available on your favorite podcast player! In this episode, Rob and Greg recap Inman Connect San Diego, discuss the current state of the real estate industry, and explore the hype and utility of AI in real estate. They cover industry gossip, shifting executive roles, macroeconomic forecasts, and heated disagreements on whether AI truly enhances the client experience. Key Takeaways Inman Connect Recap Greg shares his experience from Inman Connect, including a pre-party at his studio and the CEO Connect session. NAR Membership Projections Kevin Sears (NAR President) revealed current membership is ~65,000 above projections at 1.4M; however, NAR is budgeting for 1.2M members in 2026. Agent Churn Annual agent churn is approximately 20%, meaning roughly all members cycle every five years. CoStar vs. Zillow Lawsuit The buzz at CEO Connect centered around CoStar suing Zillow over image copyrights. Rob believes CoStar has a solid strategy involving strategic acquisitions to bolster legal claims. Executive Moves Chris Heller moved his team to eXp; York Baur (formerly of MoxiWorks) joined Lone Wolf—highlighting industry consolidation and competition. AI in Real Estate Greg sees promise in AI for marketing content, lead gen, and operations. Rob remains skeptical of AI's impact on client experience, arguing that service still relies on human interaction. AI Assistants and the Future The debate intensifies around whether AI chat or voice assistants can enhance service or erode trust in agent relationships. Generational Divide on Service Rob emphasizes trust and high-touch service; Greg counters that efficiency and new client expectations may shift norms. Connect with Rob and Greg Rob's Website Greg's Website Watch us on YouTube Our Sponsors: Cotality Notorious VIP The Giant Steps Job Board Production and Editing Services by Sunbound Studios
Keith discusses strategies to avoid capital gains tax on primary residences, highlighting the potential impact of the "No Tax on Home Sales Act" proposed by Representative Marjorie Taylor Greene. He explains the current tax exemption thresholds of $250,000 for singles and $500,000 for married couples, noting that 34% of homeowners could exceed the single filer threshold. Keith also explores the rise of small investors in the housing market, representing 30% of purchases, and the potential of peer-to-peer storage and parking platforms to generate income from underutilized property. And concludes with a critique of government dependency through Section 8 housing. Resources: You can see the video footage of that section 8 clip here. Show Notes: GetRichEducation.com/565 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, when you sell your primary residence, you need to pay capital gains tax. Learn how to avoid it, then how to increase your rental income with new peer to peer platforms. And finally, a perspective on capitalism and collectivism, with Section Eight housing today on get rich education. Speaker 1 0:27 Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com Speaker 1 1:12 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:28 Welcome to GRE from st, Joseph, Missouri to st, Albans, Queens in New York City and across 188 nations worldwide. I'm Keith weinholden. You and I are back together here for another wealth building week. This is get rich education, the Treasury and the Fed keep conspiring to print dollars like crazy, create currency, debasing every single dollar that you're currently holding onto. They are stealing your purchasing power, stealing the value of your work and your grit. It makes dollars pretty fake, since they can just be conjured out of thin air, therefore your job is to convert fake dollars into real assets. That's what you need to do, and this is a strategy that dominates. Like Sydney Sweeney, they print more money, causing inflation, so you have to invest in assets, but then they put a capital gains tax on those assets so that most people never escape inflation. But of course, as real estate investors, we have a strategy to avoid capital gains taxes. Well, I'll talk about that more later. Keith Weinhold 2:46 I mentioned to you on an earlier episode that I recently attended my high school class reunion in Pennsylvania. It was just a few weeks ago, out in a rural area with a lodge and trees and grass and inflation came up in a conversation between me and a few classmates that was some time before we played cornhole in badminton. I talked about how I sort of enjoy spending money. One classmate replied that he is cheap. I don't really directly respond to something like that, but my preeminent thought when someone says that they're cheap is that life is too short to be cheap. There is a way to guarantee an improvement to your quality of life and your standard of living, and that is spending it can do exactly that invest Well, first, that's an antecedent, and then you can spend now, in the short run, when you're young, living below your means that can make some sense, until you've accumulated some Capital, sure, but when you're age 30 to 35 plus, like my classmates and I are Sheesh, you've got to have yourself figured out better by then than to still be cheap make your quality of life exceed your cost of living, because at least here on Earth, this is your last life ever the risk of too much delayed gratification is denied gratification. So be more frugal with your time than your money. And a lot of people point to external circumstances for their circumstances. Most people wait for the economy to change, not realizing that your mindset is the economy that you live in with each property that you own, you just created another small economy that you are in control of. You are at the top of it. Yeah, you created. Another small economy, the actors in it are you, your tenant, your lender, your property manager, your contractors, your utility companies and more, and you control it all. Most people think wealth is created from high salaries, and they go their entire life, therefore chasing the wrong thing, thinking that wealth is created by high salaries all along it squarely is not you get wealthy by owning things, and you certainly won't get wealthy by being cheap. Now, when it comes to owning things, the government taxes you when you profit on those things during your ownership period of them at sale time through the capital gains tax. And of course, we've talked about the specifics in how real estate investors can completely duck out of that with the 1031 tax deferred exchange. But what about homeowners, primary residence owners, they often have to pay it well. President Trump and Representative Marjorie Taylor Greene recently suggested either removing this tax or reforming it. Now this would require congressional approval, but most members of Congress own their home, so they could very well be in favor of it. And green introduced what is simply called the no tax on home sales act. Keith Weinhold 6:29 Let's discuss how this can affect you, especially if you're a homeowner, or even if you don't own a home under the current law, which has been in place since 1997 on a primary residence, your first 250k of profit is sheltered from tax if you're single, the first 500k is sheltered if you're married. This is called the primary residence capital gains tax exemption or exclusion. Let's use an example. Say you bought a home years ago for 500k you're married and you sell the home for $1.3 million that's an 800k gain, alright? Since the first 500k is sheltered from capital gains tax, you would therefore have to pay the tax on just 300k on all but the lowest earners, your capital gains tax is 15 to 20% so this means if you sell this home on that 300k of profit, you'd have to pay a tax bill of between $45k and $60k and you might not be done there. You could also be subject to a net investment income tax of 3.8% on top of that, you cannot duck out of this because the 1031 exchange that's only for investment property, not primary residences, like we're talking about today, with home prices on the rise so much over the last five years, how many people exactly could be subject to this tax? 34% of homeowners could exceed the single filer threshold, and 10% could exceed the married filer threshold. Another way to say this is that only about 10% of US homes have more than 500k of equity in them, and it's the homeowners in high cost states that are most likely to be impacted here, New York, New Jersey, Massachusetts, California and Hawaii, states like that. So therefore this tax it acts as a deterrent to people selling their homes. Now, what about, say, an elderly person with a really modest income that bought a home in Los Angeles for $30,000 back in 1970 and now it's worth $15 million well, they actually would not get caught in this net, because, like I said, for those with lower incomes, and it's below about 47k for single or 94k married, the capital gains tax rate is zero. For most of you listening again, it's going to be 15 to 20% one reason for the President and others wanting to cancel the capital gains tax on primary residences like this is to get the housing market moving again and get more homes available for sale on the market. Now these 250k and 500k thresholds, they have not moved since 1997 almost 30 years here, they haven't been adjusted for inflation and the median home sales price, it's jumped about 190% in that time it was 145k back in 1997 it's 435k today. So is. Home prices appreciate, more and more people will get caught up in paying the capital gains tax if your home value goes up by 10k That's another 10k that's subject to this 15 to 20% Capital Gains Tax, with that erstwhile possible net investment income tax on top of that. Well, what can you do about this growing capital gains tax obligation that you'll have that a lot of homeowners aren't even aware of? Well, even fewer realize that it is possible to reduce your home sales profit by adding capital improvements. That means making home renovations to the original purchase price. So therefore that home kitchen renovation that you were thinking about doing, well that might not be as costly as you think, if it reduces your capital gains tax at sale time to reset what we're talking about here, it's been proposed that the capital gains tax be removed when you sell your primary residence. Usually, we discuss tax on investment properties here, but this is a significant proposal, and whether it happens or not, it helps you understand the housing market and how to limit your personal tax hit now see if the tax were removed, it could be costly, because it would decrease the government's tax revenue, of course. So in my opinion, what I think is really going to happen here, a more likely course of action would be that instead of eliminating this tax they would just move up the threshold, say, from 250 and 500k up to 500k and $1 million another angle to keep in mind is that relaxing the tax that helps out wealthy people more than it helps the poor. Now, house flippers want to pay particular attention to what happens here, for instance, simply eliminating capital gains tax on house sales that could benefit those who buy and flip homes for profit. If policymakers want to benefit only homeowners, then they need to parse that out. Otherwise, this would be a huge boon to eliminating the capital gains tax on House flippers an absolute godsend, a windfall. In any case, relaxing the tax would mean that homeowners who move they would therefore retain more capital to reinvest in their next property, which you could use to outbid others. What does that do that would drive up home prices even more. I mean talking about the capital gains tax on primary residences, its proposal to be removed and what this would do to the housing market. Keith Weinhold 12:50 Before I tell you about an interesting real estate investing niche and trend, let's pull back and look at the national housing market. The NAR recently let us know that national home prices hit yet another all time high. The median existing home price reached a record high of $435,300 and that is a 2% increase compared to last year. At this time, it's also the 24th consecutive month of year over year price increases. And you know, it's funny, I recently talked to an investor based in Phoenix that also does a little investing in Las Vegas. She thought that national home prices were falling because she sees a little price flattening in her home area, which is a little overbuilt. Well, prices are up as much as 10% in some areas of the Northeast and Midwest, because those areas are substantially underbuilt. I mean, for some perspective here just one metro area, New York City, one city with its population of over 20 million people, has twice as many people as both Arizona at 7 million and Nevada at just 3 million combined. One city twice as much as two entire states combined with all their cities. So it's remarkable how little perspective some people have see my geography degree holder perspective strikes once more again, national existing home prices are up 2% year over year, nominally, pretty modest growth, not that exciting. And who is doing the buying of these homes supporting and driving up prices. Well fewer and through of them are first time home buyers due to the well documented affordability strain. More and more of them are investors. Just last week, the Wall Street Journal reported that investors are responsible for fully 30% of the purchases of. Of both existing homes and new construction homes this year, and this is the highest share since property analytics firm kotality started tracking it 14 years ago. Investors are really buying today, and what kind of investors? Interestingly, it is people just like you. The Wall Street Journal went on to report that smaller investors who own fewer than 100 homes are doing most of the buying. That's a big change from when massive private equity firms like Blackstone and Starwood Capital Group dominated the market. So this 30% of single family home purchases being made by investors today. Smaller investors are 25% and larger ones only accounted for 5% so yeah, the little guys, people like you, they can take bigger risks because they don't have boards and shareholders to answer to, and plus builders with too much inventory are offering them discounts that were once reserved only for the bigger fish. They're being passed on now to smaller investors like you. That's exactly what the journal went on to say, much like we discussed on the show here last week, where builders are giving massive discounts. Keith Weinhold 16:22 Well, you probably heard it said that Airbnb doesn't own any real estate. Uber doesn't own any cars. Facebook doesn't own any content, and Tiktok has no original videos. Yet, they all dominate their industries. Well, when you own the real estate, you can make the rules and leverage some of these connector platforms to help you rent out space that you own and increase your income. Do you own any property that's sitting vacant with nothing going on on the lot, perhaps even overgrown with weeds and shrubs. You can use an app like neighbor that helps you rent them out as parking spaces. Neighbor.com customers request your space, and you can approve it. They can park their cars on your space or RVs, boats, boats, trailers. This can be especially lucrative if you're a few miles from an airport, and then there are platforms that let you leverage them, sort of like the Airbnb of storage. Roughly one out of every nine Americans is renting a self storage unit, and that's not even counting all the people searching for a spot to park an extra car, boat or RV. At the same time, there are millions of garages, basements, attics, driveways and backyards sitting underutilized across the country now, platforms like store at my house, Pure Storage and park for share, that one is spelled Park, the number four and share, they're all stepping up to connect people who have extra space with the people that need it. And the result is that renters can typically save 50% or more compared to them using traditional storage companies they can rent from you, and it's often more convenient for renters, since the space they're renting that might be just around the corner instead of across town. Neighbor.com is one of the biggest players in this space, though, its founder, his name's Joseph Woodbury. He says you'd be amazed at what people will pay to store something if the location is good and the price is right, they have had a tiny three foot by five foot closet in Manhattan that rented out in a snap, almost instantly in Woodbury. He even uses the platform himself, leasing part of his own driveway to someone with a camper. Now, you probably want to check with your HOA before you do something like that. But like Airbnb neighbor, they earn money by taking a cut of the host's revenue. But unlike Airbnb neighbor, hosts average just 16 minutes per month managing their listings now Woodbury, the neighbor.com owner, he calls it the most efficient, least time intensive form of passive income in America. And the peer to peer storage trend, that's become a great entry point for new investors, especially those that aren't ready to buy a full property. But it's also catching the eye of experience real estate investors who want to squeeze more cash flow out of the land that you already own. Some are turning unused sheds into rentable storage units. Others are converting open acreage into long term parking. I know someone that's hosting campers and. RVs on his 10 acres in Florida, and he expects to earn about $100,000 this year alone from that land. And they say it's mostly hands off. And now, whenever he buys he looks for acreage plus a home so that he can generate multiple income streams from one property. Well, can this peer storage and parking shake up the $500 billion self storage and parking industry the same way that Airbnb rattled the hotel world? Some think the potential is huge, with national occupancy rates for storage centers hovering around 93% there really is not any sign that the market is oversupplied. In fact, even public storage, that's the company name, public storage, they are the country's largest self storage space operator, even they use neighbor to help lease out their leftover inventory, and so do some REITs that have extra space at their office, retail or apartment properties. And as far as the types of listings, people are getting creative on these platforms. They're monetizing everything from empty barns to church parking lots. Think about how much of the week church parking lots sit vacant to vacant strip mall storefronts, and they're using that as parking so more and more people are realizing that there's hidden value in the real estate that they already own, and you can too. If you own the real estate, you make the rules. So check out those four platforms that I mentioned, if you think it can benefit you to increase the income at your properties in this growing peer to peer storage and parking industry. It was around 2010 when Airbnb really started to take off and really take market share away from hotels, and today, these platforms like neighbor store at my house, peer storage and park for share, are taking market share away from traditional, centralized self storage spaces to review what you've learned so far today, if you're going to Live life full time, you can't be perpetually cheap. Be aware of the primary residence capital gains tax and its elimination proposal. Small investor interest is growing now, making up fully 30% of today's home purchases, and grow your income with Pure Storage and parking platforms coming up next, a viral audio clip that borders on the unbelievable and gives you a new perspective on capitalism, collectivism and Section Eight housing, you'll be flabbergasted. I'm Keith Weinhold. You're listening to Episode 565, of get rich education. Keith Weinhold 23:00 the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056,they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Caeli Ridge personally. While it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com. Keith Weinhold 23:32 You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading, it's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family 266, 866, to learn about freedom. Family investments, liquidity fund again. Text family to 66866. Kathy Fettke 24:42 you this is the real wealth network's Kathy betke, and you are listening to the always valuable get rich education with Keith Weinhold. Keith Weinhold 25:00 Keith, you are back inside one of America's longest running and most listened to real estate investing shows. I'm your host, Keith Weinhold, and this is get rich education, the voice of real estate investing. Since 2014 wealthy people's money either starts out or ends up in real estate, we tell you why and show you how. I've got a clip to share with you that gets a little wild. We usually share what I suppose is more cerebral content here, but some real perspective can be gleaned from listening to this. This kid wants to work his mom says, No, you can't, because she'd lose her section eight housing benefit. And apparently, free housing is more valuable than his future. This is about one minute in length, Unknown Speaker 25:52 not getting no job. If you go get a job, they're going to take my section eight, then you won't be able to get no section eight. You're not going to get no job. They're gonna count your income against my section eight and my link card. You're not working, no. So I don't care what you gotta say. I don't care how you feel. You're not working, you're not going to get a job, you you're not going to school, you're not doing none of that like Ma. I'm saying how I'm supposed to be successful in life, huh? So you basically telling me I gotta I gotta be broke to be successful. I got to be broke so I can get section eight. Government can help you. So the government can help me. So you telling me I can't work, no job, bro. Like, that's like, all my friends got jobs and live and nice houses. So you telling me I got the I got to go through the same thing you went through if you have a house, any of that, they're going to take my section eight. How? What they be like,no, they will look at that and be like, he's doing something. And give me a bigger house. Ma, that's what you told me. I can get off your section eight and apply for my own section eight. Okay, but if you do that, you're gonna have to go the hard way. It's gonna take a long so what? That's what I'm saying. Get on Section Eight. Find you a nice apartment, go get you a link card. You will be fine. You don't have to sit up and work. You don't have to work, no job, if the government is here to help us. Keith Weinhold 27:11 Gosh, this mom won't let her son work, or else she'll lose their government section eight housing benefit, where taxpayers pay for most of their housing. And by the way, is this real? Is this a rage bait skit? I can't quite tell, but it surfaces some interesting questions. For sure, it is true that section eight housing voucher recipients like her can lose their benefits if the household earns more and exceeds a certain threshold. Gosh, here's the youth that wants to do something and maybe be better and have more than his parents. You should want what's best for your child? Some parents have to beg their children to get a job. This kid is willing to go out and see what he's capable of doing. This eaglet is looking to leave the nest, and you're clipping his wings, and yes, you the listener, are the one paying for their housing. There's no such thing as a free government program, because taxpayers like you and I fund the government section eight housing is therefore tax payer funded at one point. The mom says the government is here to help us. Yeah, this woman is making you poorer. This is where the taxes that get knocked out of your paycheck are going. You're working at a job, spending less time with the people you love, and maybe doing fewer of the activities you love so that she can perpetuate a culture of laziness and government dependency. Another successful entrepreneur or employee is not making you poorer, this woman is making you poorer. Thomas Sowell said it best. He is an author and a senior fellow at the Hoover Institution. He's got a lot of brilliant thoughts. Soul famously said, I have never understood why it is greed to want to keep the money you have earned, but not greed to want to take somebody else's money. That's Thomas Sowell. Now it's possible that this woman couldn't get a job that would pay so much more than the section eight income ceiling that it would be worth her getting one. She said there that she doesn't have a job at all. Maybe she has a disability, but there's a video of this. You can see the video. She doesn't appear to be disabled, but the appalling part is that she's discouraging her son from working now. Understand some section eight tenants do work full time jobs, but they're almost certainly going to be really low paying like, say, washing dishes for a restaurant. Section Eight is supposed to be a temporary program. It's supposed to be helpful, not a hindrance. It is a federal program. It's administered by HUD, and it pays the rent money for low income people, allowing them to rent housing out in the private open market. The program has high demand and some long, long waiting lists. They can be years long, even a decade long, waiting list for Section Eight housing some housing authorities even close their wait lists entirely due to the length the overwhelming demand and understand as well, veterans and the elderly are probably on a wait list, waiting for substantially younger people like her to get off the program to qualify for Section Eight, most families need an income below 50% of the area's median income, and your criminal background check has got to be clear, so you don't need to pass some high bar to get into the program. Now, in reality, a large share of the benefit recipients have an income that's under 30% of an area's median and how much of your rent does section eight pay? Participants typically pay a portion of their monthly income toward rent, usually around 30% they pay around 30% where section eight pays 70% I once run into a section eight tenant, and the tenant paid closer to 20% while the program paid 80% for you. And by the way, landlords don't have to accept section eight tenants. It is voluntary, and it pays landlords about the market rate in hot housing markets with fast rising rents. Well, you probably don't want to accept section eight because a regular, unsubsidized tenant is often going to pay you more in a slow rental market, Section Eight is better for landlords. Now, some landlords like section eight because it is guaranteed rent income, but some don't like it because they say they get low quality tenants. Well, foreign landlord can rent to a section eight tenant, a person called a case manager inspects the unit, and I think I shared with you before that, the first one that inspected mine, they wrote me up because they said that one of my Windows didn't open all the way. I fixed it, and the tenant stayed two years before they moved. But the average duration of time that a tenant spends in the program is six to nine years. It is supposed to be a short term bridge, but often becomes a long term subsidy people get dependent on the handout. HUD tells us that only one in seven families leave the program due to increased income, and there is a strong stigma around section eight housing, for sure. Who knows? To shake the stigma, maybe they will just change the name of the program. That happens sometimes, sort of like how they changed the name of the food stamps program to snap. And by the way, the link card that she mentioned in the video that is for food assistance. That's actually the name of the snap card in the state of Illinois. Oh, dear God bless America, training her kids to live off the government. I almost feel trashy after thinking about this. I'm probably going to go shower next now. Should the minimum wage be high enough that everyone can afford at least a one bedroom apartment, and therefore people wouldn't need section eight? Well, the federal minimum wage is $7.25 it's been stuck there since 2009 the economic commentator Peter Schiff, who I had lunch with a couple times last month, he and his wife Peter, makes the case that there should be no minimum wage at all. That is government intervention in the free market. If you make the minimum wage too high, people get laid off and people get replaced by robots. That's just what's really happened in practice, if a person can only make the minimum wage, they need to get better, and they need to skill up, is what Peter contends. Now, when I graduated college, I would have thought that premise sounded ridiculous. No minimum wage. But the more I think about it and the more I experience life, it does begin to make more sense. The fresh post collegiate me would have said that, ah, a working human being, they deserve the dignity of a minimum wage. That's livable, but some time and perspective has me saying that you are the one that brings dignity to your work, your earning potential and your life. It's not up to someone else to provide you with dignity. You don't lean on the government for your dignity. Learn more, be better, skill up. You'll be dignified, and you're going to earn multiples more than minimum wage. When it comes to the section eight, mom, everyone would like to live at the expense of the state, but few realize that the state lives at the expense of everyone else. If you'd like to see the video footage of that section eight clip that I played and more of my commentary on it. It's pretty interesting that should be available on our YouTube channel now. The channel name is get rich education. What else would it be for the production team here at GRE? That's our sound engineer, Vedran Dzampo , who has edited every single GRE episode since 2014, QC and show notes. Brenda Almendadadas, video lead, Binaya Gyawali video strategy lead, Talha Mughal, video editor, Sorosa KC and producer me, we'll run it back next week for you. If you'd like the show, please tell a friend about it. I'd really appreciate you sharing it until then, I'm your host. Keith Weinhold, don't quit your Daydream. 36:29 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice if the means of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively. Keith Weinhold 36:53 You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate. Video, course, it's all completely free. It's called the Don't quit your Daydream. Letter, it wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre 266, 866. While it's on your mind, take a moment to do it right now. Text, gre 266, 866, Keith Weinhold 38:08 The preceding program was brought to you by your home for wealth, building, getricheducation.com.
D.O. dives into the breaking Loan Depot class action lawsuit and its potential ripple effects across the mortgage industry. D.O. explains how LO compensation practices are under fire—drawing parallels to the seismic impact of the NAR commission lawsuit.
Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? Visit: https://whylibertas.com/harris or text Tim directly at 512-758-0206. ******************* 2025's Real Estate Rollercoaster: Dodge the Career-Killers with THIS Mastermind!
Tax reform is done, so what's next for NAR's advocacy team as we head into the second half of the year? Shannon and Patrick explain what the policy team is doing to ensure NAR's tax provisions are implemented effectively. They also detail how NAR is working with Congress and the Administration to tackle inventory shortages and affordability. And, there's so much happening at the state and local level… Did you know more than two-thirds of NAR's advocacy work happens outside the beltway?
The Industry Relations Podcast is now available on your favorite podcast player! In this episode, Rob and Greg dive into Zillow's legal strategy in its defense against Compass's lawsuit, focusing on Zillow's surprising claim that it only facilitates a “single-digit” percentage of real estate transactions. They debate the strategic implications of this position—especially how it could undermine Zillow's perception of power in the industry—and analyze the broader impact on listing presentations, MLS relationships, and competitors like Compass and Homes.com. They also preview the upcoming Inman Connect in San Diego and discuss potential industry sentiment and attendance given the market's current challenges. Key Takeaways Zillow's Legal Strategy: Zillow argues it is not a monopoly, claiming it only facilitates a single-digit percentage of home transactions. Strategic Risk: Rob questions why Zillow would make this claim, suggesting it weakens their perceived power and brand strength in the industry. Agent Sales Impact: The claim could hurt Zillow's Premier Agent business by giving competitors a compelling narrative (“why pay for single-digit exposure?”). Compass Lawsuit Context: The lawsuit stems from Compass's perception that Zillow's policies harmed their three-phase marketing strategy and listing exposure. MLS Relationships: Rob and Greg wonder how MLSs might reevaluate their relationships with Zillow after this shift in positioning. eXp-Zillow Data Feed Deal: Rob questions why eXp is sending direct data feeds to Zillow when MLS feeds already exist. Inman Connect Preview: Greg expects a smaller, more introspective crowd due to market conditions. He plans to gather MLS sentiment on the ground. Industry Power Perception: Rob contends Zillow is still the most powerful entity in organized real estate—more than NAR post-clear cooperation—making its current legal stance all the more surprising. Connect with Rob and Greg Rob's Website Greg's Website Watch us on YouTube Our Sponsors: Cotality Notorious VIP The Giant Steps Job Board Production and Editing Services by Sunbound Studios
Real estate can be dangerous. Every year, agents are attacked while showing homes, hosting open houses, or even pumping gas. That's why we sat down with Harry Shaw—a third-degree black belt in Krav Maga who's spent 15 years training first responders in self-defense.Harry breaks down a simple framework for staying safe: pay attention, know your environment, and take purposeful action. We talk through common real estate scenarios—from meeting unknown buyers to working alone at night—and how to prepare for them. When it comes to personal safety, the worst time to figure out what to do is when it's already happening.Resources:Learn more about Harry's work at HarrysBodyShop.comExplore free tools and training through NAR's Safety Program at nar.realtor/safety/about-the-realtor-safety-programBecome your clients' go-to Airbnb expertAirbnb has launched a Real Estate Referral Program for agents just like you. When you refer clients to list their properties on Airbnb, you not only earn a referral fee, you also gain access to localized market data that helps you stand out in your market. It's free to join, includes a quick-start webinar, and gives you real-time insights on booking trends in your area. It's a win-win-win. Sign up at mreanotes.com/airbnb and don't forget to mention you heard about it on the MREA Podcast.Connect with Jason:LinkedinProduced by NOVAIn this episode, we discuss self-defense strategies relevant to real estate agents, including scenarios that may involve personal safety risks during showings or open houses. Please note that the conversation includes references to physical violence. While we approach these topics with care and professionalism, some listeners may find the content distressing. Your well-being is important—please listen at your discretion and take breaks or skip this episode if needed. If you or someone you know needs support, we encourage reaching out to a trusted resource or professional.This podcast is for general informational purposes only. The views, thoughts, and opinions of the guest represent those of the guest and not Keller Williams Realty, LLC and its affiliates, and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.
Episode 572 of the A Minute to Midnite Show. Tony K is joined by Joanie Stahl, and much important and troubling information is discussed. Many people have no idea what is truly happening in America and the world right now.
We break down the critical legal updates in the real estate industry. Ed Zorn, VP and General Counsel for CRMLS, reveals why the Burnett appeal is weak and how it won't derail new industry standards. We also dissect the Zillow vs. Compass lawsuit, expose the fallacies of "private listings," and warn agents about potential liability. Understand the urgent shift towards consumer-centric models and learn how to protect your clients in a rapidly evolving market. This episode delivers essential insights for every agent and broker. links mentioned in the show: Ep 140 https://youtu.be/p4kiwl2A_nI EP 133 https://youtu.be/mg3A9YYkYec Connect with Ed on LinkedIn. You asked for it. We delivered. Check out our new merch! https://merch.realestateinsidersunfiltered.com/ Follow Real Estate Insiders Unfiltered Podcast on Instagram - YouTube - Facebook - TikTok. Visit us online at realestateinsidersunfiltered.com. Link to Facebook Page: https://www.facebook.com/RealEstateInsidersUnfiltered Link to Instagram Page: https://www.instagram.com/realestateinsiderspod/ Link to YouTube Page: https://www.youtube.com/@RealEstateInsidersUnfiltered Link to TikTok Page: https://www.tiktok.com/@realestateinsiderspod Link to website: https://realestateinsidersunfiltered.com This podcast is produced by Two Brothers Creative. https://twobrotherscreative.com/contact/
Jason focuses today on financial wisdom and the real estate market. He emphasizes the importance of taking action over endless information gathering for personal growth and financial success. Jason then shifts to housing appreciation rates over the past decade, highlighting how income property is a robust, tax-advantaged asset class focused on yield, not just price. He further explores the challenges faced by renters due to high rental costs and the scarcity of affordable housing, while also clarifying the investor's role in contributing to housing supply. Finally, he addresses the complexities of measuring housing inventory and promotes upcoming events and investment opportunities. Go to JasonHartman.com/Properties and start your investing journey! Reach out to your investment counselors today at 1-800-HARTMAN ext. 2. Jason then welcomes Adam Bergman, founder of IRA Financial, talks about the history and current state of self-directed IRAs, highlighting their potential for significant investment returns and explaining the differences between traditional and Roth IRAs. He covered the benefits and tax implications of using a self-directed IRA for investments, including strategies to avoid unrelated business income tax and the importance of diversification in Congress's perspective. The discussion concluded with Adam explaining the setup process for an LLC through IRA Financial, emphasizing the benefits of checkbook control and limited liability protection for real estate investments. Key Takeaways: Jason's editorial 1:49 Clip of the Day: The Most "Conformist" Woman in the World 3:29 Get your dopamine from action 5:22 Home Price Appreciation 2014-2024 8:06 Hourly wage needed to afford rent 9:43 Number of minimum wage jobs needed to afford a 2 BR rent 13:19 Housing inventory: NAR vs. HousingWire 15:31 Join our FREE Masterclass every second Wednesday of each month! JasonHartman.com/Wednesday Adam Bergman interview 16:21 A brief history of SDIRA's 19:55 Sponsor: https://www.monetary-metals.com/Hartman/ 21:57 2 Benefits of why using an IRA is so important 23:04 Taxes in the IRA environment 28:32 Most important things to know 30:51 Next steps and what IRA Financial can do for you https://www.IRAFinancial.com Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Keith highlights the decline in college town real estate due to demographic changes and reduced international student enrollment. The national housing market is moving towards balance, with 4.6 months of resale supply and 9.8 months of new build supply. Commercial real expert and fellow podcast host, Hannah Hammond, joins Keith to discuss how the state of the real estate market is facing a $1 trillion debt reset in 2025, potentially causing distress and foreclosures, particularly in the Sun Belt states. Resources: Follow Hannah on Instagram Show Notes: GetRichEducation.com/563 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, are college towns doomed. There's a noticeably higher supply of real estate on the market. Today is get rich education. America's number one real estate investing show. Then how much worse will the Apartment Building Loan implosions get today? On get rich education. Speaker 1 0:27 Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com Corey Coates 1:12 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:28 Welcome to GRE from Orchard Park, New York to port orchard, Washington and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to get rich education. How most people set up their life is that they have a job or an income producing activity, and they put that first, then they try to build whatever life they have left around that job. Instead, you are in control of your life when you first ask yourself, what kind of lifestyle Am I trying to build? And then you determine your job based on that. That is lifestyle design, and that is financial freedom, most people, including me, at one time. And probably you get that wrong and put the job first. And then we need to reverse it once you realize that, you discover that you found yourself so far out of position that you try to find your way back by putting your own freedom, autonomy and free agency first. There you are lying on the ground, supine, feeling overwhelmed, asking yourself why you didn't put yourself first. Then what I'm helping you do here is get up and change that by moving your active income over to relatively passive income, and doing it through the most generationally proven vehicle of them all, real estate investing for income. We are not talking about a strategy that didn't exist three years ago and won't exist three years from now. It is proven over time, and there's nothing avant garde or esoteric here, and you can find yourself in a financially free position within five years of starting to gradually shift that active income over to passive income. Keith Weinhold 3:29 Now, when it comes to today's era of long term real estate investing, we are in the midst of a real estate market that I would describe as slow and flat. Both home price appreciation and rent growth are slow. Overall real estate sales volume is still suppressed. It that sales volume had its recent peak of six and a half million homes moved in 2021 which was a wild market, it was too brisk and annual sales volume is down to just 4 million. Today, more inventory is accumulating, which is both a good news and a bad news story. I'm going to get to this state of the overall market shortly. First, let's discuss real estate market niches, a particular niche, because two weeks ago, I discussed the short term rental arms race. Last week, beach towns and this week, in the third of three installments of real estate market niches are college towns doomed? Does it still make sense to invest in college town real estate? Perhaps a year ago on the show, you'll remember that I informed you that a college closes every single week in the United States. Gosh, universities face an increasingly tough demographic backdrop ahead. We know more and more people get a free education. Education online. Up until now, universities have tapped a growing high school age population in this seemingly bottomless well of international students wanting to study in the US. But America's largest ever birth cohort, which was 4.3 million in 2007 is now waning. Yeah, that's how many Americans were born in 2007 and that was the all time record birth year. Well, all those people turn 18 years old this year. This, therefore, is an unavoidable decline in the pool of potential incoming college freshmen from the United States. And on top of that, the real potential of fewer international students coming to the US to study adds to the concern for colleges. This is due to the effects and the wishes of the Trump administration. It already feels like a depression in some college towns now among metro areas that are especially reliant on higher education, three quarters of them suffered weaker economic growth over the past 12 years than the US has as a whole. That's according to a study at Brookings Metro. They're a non profit think tank in DC, all right, and in the prior decade, all right, previous to that, most of those same metros grew faster than the nation did. If this was really interesting, a recent Wall Street Journal article focused on Western Illinois University in McComb Illinois as being symbolic of this trend, where an empty dorm that once held 800 students has now been converted to a police training ground, it's totally different, where there are active shooter drills and all this overturned furniture rubber tipped bullets and paintball casings, you've got to repurpose some of these old dorms. Nearby dorms have been flattened and they're now weedy fields. Two more dorms are set to close this summer. Frat houses and homes once filled with student renters are now empty lots city streets used to be so crowded during the semester that cars moved at a crawl. That's not happening anymore. It's almost like you're watching the town die, said a resident who was born in Macomb and worked 28 years for the Western Illinois Campus Police Department. Macomb, Illinois is at the heart of a new rust belt across the US colleges are faltering, and so are the once booming towns and economies around them. Enrollment is down at a lot of the nation's public colleges and universities starting next year due to demographics like I mentioned, there will be fewer high school graduates for the foreseeable future, and the fallout extends to downtown McComb. It's punishing local businesses. There's this multiplier effect that's diminishing. It's not multiplying for generations. Colleges around the US fueled local economies, created jobs and brought in students and their visiting families to shop and spend and growing student enrollment fattened school budgets, and that used to free universities from having to worry about inefficiencies or cutting costs. But the student boom has ended, and college towns are suffering. And what are some of the other reasons for these doomed college towns? Well, first, a lot of Americans stopped having babies after the global financial crisis, you've got a strong dollar and an anti foreigner administration that's likely to push international student numbers down on top of this, and then, thirdly, US students are more skeptical of incurring these large amounts of debt for college and then, universities have been increasing administrative costs and tuition above the rate of inflation, and they've been doing that for decades. Tuition and operating costs are detached from reality, and in some places, student housing is still being built like the gravy train is not going to end. I don't see how this ends well for many of these universities or for student housing, so you've really got to think deeply about investing in college town housing anymore. Where I went to college, in Pennsylvania, that university is still open, but their enrollment numbers are down, and they've already closed and consolidated a number of their outlying branch campuses. Now it's important notice that I'm focused on college towns, okay, I'm talking about generally, these small. Smaller, outlying places that are highly dependent on colleges for their vibrancy. By the way, Pennsylvania has a ton of them, all these little colleges, where it seems like every highway exit has the name of some university on it. That is starting to change now. Keith Weinhold 10:21 Conversely, take a big city like Philadelphia that has a ton of colleges, Temple University, Penn, which is the Ivy League school, St Joseph's, Drexel LaSalle, Bryn Mawr, Thomas Jefferson, Villanova. All these colleges are in the Philly Metro, and some of them are pretty big. Well, you can be better off investing in a Philly because Philly is huge, 6 million people in the metro, and there's plenty of other activity there that can absorb any decline in college enrollment. So understand it's the smaller college town that's in big trouble. And I do like to answer the question directly, are college towns doomed? Yes, some are. And perhaps a better overall answer than saying that college towns are doomed, is college towns have peaked. They've hit their peak and are going down. Keith Weinhold 11:23 Let's talk about the direction of the overall housing market now, including some lessons where, even if you're listening 10 years from now, you're going to gain some key learning. So we look at the national housing market. There is finally some buyer selection again, resale housing supply is growing. I'm talking overall now, not about the college towns. Back in 2022, nearly every major metro could be considered not just a seller's market, but a strong seller's market. And it was too much. It was wild. Three years ago, buyers had to, oftentimes offer more than the asking price, pay all cash. Buyers had to waive contingencies, forgo inspections, and they had to compete with dozens of bidders. I mean, even if you got a home inspection, you pray that the home inspector didn't find anything worse than like charming vintage wiring, because you might have been afraid to ask for some repairs of the seller, and that's because the market was so hot and competitive that you might lose the deal. Fast forward to today, and fewer markets Hold that strong seller's market status. More metros have adequate inventory. And if you're one of our newsletter subscribers, you saw that last week, I sent you a great set of maps that show this. As you probably know, six months of housing supply is deemed as the balance point between buyers and sellers over six months favors buyers under six favors sellers. All right, so let's see where we are now. And by the way, months of housing supply, that phrase is also known as the absorption rate nationally, 4.6 months of resale supply exists. That's the current level, 4.6 months per the NAR now it bottomed out at a frighteningly low one and a half months of supply back in 2022 and it peaked at 12 full months of supply during the global financial crisis, back in 2010 All right, so these are the amounts of resale housing supply available for sale, and we overbuilt homes back in the global financial crisis, everyday people owned multiple homes 15 years ago because virtually anyone could qualify for a loan with those irresponsible lending standards that existed back in that era. I mean, back then, buyers defaulted on payments and walked away from homes and because they had zero down payment in the home. Well, they had zero skin in the game to protect and again, that peaked at 12 months of supply. Now today, Texas and Florida have temporarily overbuilt pockets that are higher than this 4.6 month national number and of course, we have a lot of markets in the Northeast and Midwest that have less than this supply. But note that 4.6 months is still under six months of supply, still favoring sellers just a little, but today's 4.6 months. I mean, that's getting pretty close to historic norms, close to balance. All right, so where is the best buyer opportunity today? Well, understand that. So far, have you picked up on. This we've looked at existing housing supply levels here, also known as resale homes. The opportunity is in new build homes. What's the supply of new construction homes in the US? And understand for perspective that right now, new build homes comprise about 1/3 of the available housing supply. And this might surprise you, we are now up to 9.8 months of new build housing supply, and that's a number that's risen for two years. That's per the Census Bureau and HUD. A lot of builders, therefore, are getting desperate right now, builders have got to sell. The reason that they're willing to cut you a deal is that, see, builders are paying interest costs and maintenance costs every single day on these nice, brand new homes that are just languishing, just sitting there. Understand something builders don't get the benefit of using a home. Unlike the seller family of a resale or existing home, see that family that has a resale home on the market, they get the benefit of living in it while it's on the market. This 9.8 months of new build supply is why buyers are willing to cut you a deal right now, including builders that we work with here at GRE marketplace. Keith Weinhold 16:30 And we're going to talk to a builder on the show next week and get them to tell us how desperate they are. In fact, it's a Florida builder, and we'll learn about the incentives that they're willing to cut you they're building in one of these oversupplied pockets. So bottom line is that overall, an increasing US housing supply should keep home prices moderating. They're currently up just one to 2% nationally, and more supply means better options for you. Hey, let's talk about this very show that you're listening to, the get rich education podcast. What do you like to do while you're listening to the show? In fact, what are you doing right now while you're listening to the show? Well, in a recent Instagram poll, we asked our audience that very question you told us while listening to the show, 50% of you are commuting, 20% are exercising, 20% are at work, and 10% are doing home chores like cleaning or dishes. Now is this show the number one real estate investing podcast in the United States, we asked chatgpt that very question, and here's how they answered. They said, Excellent question. Real estate investing podcasts have exploded over the past 10 to 12 years, but only a handful have true long term staying power. Here's a list of some of the longest running, consistently active real estate investing podcasts that have built serious legacies. And you know something, we are not number one based on those criteria. This show is ranked number two in the nation. Number one are our friends at the real estate guys radio show hosted by Robert Helms. How many times have I recommended that you go ahead and give them a listen? Of course, I'm just freshly coming off spending nine days with them as one of the faculty members on their summit at sea. Their show started in 1997Yes, on actual radio, before podcasts even existed, and chat GPT goes on to say that they're one of the OGS in the space. It focuses on market cycles, investing strategies and wealth building principles known for its international investor perspective and high profile guests like Robert Kiyosaki. All right, that's what it says about that show. And then rank number two is get rich. Education with me started in 2014 and it goes on to say that this is what the show's about. It says it's real estate centric with a macroeconomic and financial freedom philosophy. It focuses on buy and hold investing, inflation, debt strategy and wealth building. Yeah, that's what it says. And I'd say that's about right? And this next thing is interesting. It describes the host of the show, me as communicating with you in a way that's clear, calm and slightly academic. That's what it says. And yeah, you've got to be clear. Today. There's so much competing for your attention that if I'm not clear with you, then I'm not able to help you calm. Okay? I guess I remain calm. And then finally, slightly academic. I. Hadn't thought about that before. Do you think that I'm slightly academic in my delivery? I guess that's possible. It's appropriate for a show with the word education in our name. I guess it makes sense that I'd be slightly academic. So that fits. I wouldn't want to be heavily academic or just academic, because that could get unrelatable. So there's your answer. The number two show in the nation for real estate investing. Keith Weinhold 20:29 How are things going with your rental properties? Anyway, I had something interesting happen to me here these past few months. Now I have a property manager in one market that manages quite a few of my properties, all these single family homes and I had five perfect months consecutively as a real estate investor. A perfect month means when you have 100% occupancy, 100% rent collection, and zero maintenance or repair costs. Well, this condition went on for five months with every property that they managed. For me, which is great, profitable news, but that's so unusual to have a streak like that, it kind of makes you wonder if something's going wrong. But the streak just ended. Finally, there was a $400 expense on one of these single family homes. Well, this morning, the manager emailed me about something else. One of my tenants leases expires at the end of next month. I mean, that's typical. This is happening all the time with some property, but they suggested raising the rent from $1,700 up to 1725, and I rarely object to what the property manager suggests. I mean, after all, they are the expert in that local market. That's only about a one and a half percent rent increase, kind of slow there. But again, we're in this era where neither home price growth nor rent growth have been exceptional. Keith Weinhold 22:02 I am in upstate Pennsylvania today. This is where I'm from. I'm here for my high school class reunion. And, you know, it's funny, the most interesting people to talk to are usually the people that have moved away from this tiny town in Appalachia, counter sport, Pennsylvania, it's not the classmates that stayed and stuck around there in general are less interesting. And yes, this means I am sleeping in my parents home all week. I know I've shared with you before that Curt and Penny Weinhold have lived in the same home and have had the same phone number since 1974 and I sleep in the same bedroom that I've slept in since I was an infant every time that I visit them. Kind of heartwarming. In a few days, I'm going to do a tour of America's first and oldest pretzel bakery in Lititz, Pennsylvania with my aunts and uncles to review what you've learned so far today, put your life first and then build your income producing activity around that. Many college towns are demographically doomed, and even more, have peaked and are on their way down. Overall American residential real estate supply is up. We're now closer to a balanced market than a seller's market. We've discussed the distress in the five plus unit apartment building space owners and syndicators started having their deals blow up, beginning in 2022 when interest rates spiked on those short term and balloon loans that are synonymous with apartment buildings. When we talked to Ken McElroy about it a few weeks ago on the show, he said that the pain still is not over for apartment building owners. Keith Weinhold 23:51 coming up next, we'll talk about it from a different side, as I'll interview a commercial real estate lender and get her insights. I'll ask her just how bad it will get. And this guest is rather interesting. She's just 29 years old, really bright and articulate, and she founded her own commercial real estate lending firm. She and I recorded this on a cruise ship while we're on the real estate guys Investor Summit at sea a few weeks ago. So you will hear some background noise, you'll get to meet her next I'm Keith Weinhold. There will only ever be one. Get rich education podcast episode 563 and you're listening to it. Keith Weinhold 24:31 The same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS 42056, they provided our listeners with more loans than anyone because they specialize in income properties, they help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President Caeli Ridge personally, while it's on your mind, start at Ridge lendinggroup.com that. Ridge lendinggroup.com, you know what's crazy? Keith Weinhold 25:03 Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66 866, to learn about freedom family investments, liquidity fund, again, text family to 66866 Caeli Ridge 26:13 this is Ridge lending group's president, Caeli Ridge. Listen to get rich education with key blind holes. And remember, don't quit your Daydream. Keith Weinhold 26:31 Hey, Governor, education nation, Keith Weinhold, here we're on a summit for real estate on a cruise ship, and I'm with Hannah Hammond. She's the founder of HB capital, a commercial real estate lending firm, and the effervescent host of the Hannah Hammond show. Hey, it's great to chat Hannah Hammond 26:48 you too. It's been so great to get to know you on this ship, and it's been a lot of fun, Keith Weinhold 26:51 and we just met at this conference for the first time. Hannah just gave a great, well received presentation on the state of the commercial real estate market. And the most interesting thing, and the thing everyone really wants to know since she lends for five plus unit apartment buildings as well, is about the commercial real estate interest rate resets. Apartment Building values have fallen about 30% nationwide, and that is due to these resetting loans. So tell us about that. Hannah Hammond 27:19 Yeah, so there is a tidal wave of commercial real estate debt coming due in 2025 some of that has already come due, and we've been seeing a lot of the distressed assets start to hit the market in various asset classes, from multifamily, industrial, retail and beyond. And then, as we continue through 2025 more of that title, weight of debt is going to continue to come due, which is estimated to be around $1 trillion of debt. Keith Weinhold 27:44 That's huge. I mean, that is a true tidal wave. So just to pull back really simply, we're talking about maybe an apartment building owner that almost five years ago might have gotten an interest rate at, say, 4% and in today's higher interest rate environment that's due to reset to a higher rate and kill their cash flow and take them out of business. Tell us about that. Hannah Hammond 28:03 Yeah. So a lot of investors got caught up a few years ago when rates were really low, and they bought these assets at very low cap rates, which means very high prices, and they projected, maybe over projected, continuous rent growth, like double digit rent growth, which many markets were seeing a few years back, and that rent growth has actually slowed down tremendously. And so much supply hit the market at the same time, because so much construction was developed a few years back. And so now there's a challenge, because rents have actually dropped. There's an overage of supply. Rates have doubled. You know, people were getting apartment complexes and other assets in the two or 3% interest rate range. Now it's closer to the six to 7% interest rate range, which we all know it just doesn't really make numbers work. Every 1% increase in interest you'd have to have about a 10% drop in value for that monthly payment to be the same. So that's why we're seeing a lot of distress in this market right now, which is bad for the people that are caught up on it, but it's good for those who can have the capital to re enter the market at a lower basis and be able to weather this storm and ride the wave back up Keith Weinhold 29:08 income down, expenses up. Not a very profitable formula. Let's talk more about from this point. How bad can it get? We talked about 1 trillion in loans coming due this calendar year tell us about how bad it might be. Hannah Hammond 29:23 So it's estimated that potentially 25% of that $1 trillion could be in potential distress. And of course, if two $50 billion of commercial real estate hit foreclosure all at the same time, that would be pretty catastrophic, and there would be a massive supply hitting the market, and therefore a massive reduction in property values and prices. And so a lot of lenders have been trying to mitigate the risk of this happening, and all of this distress debt hit the market at one time. And so lenders have been doing loan modifications and loan extensions and the extend and pretend, quote. Has been in play since back in 2025 but a lot of those extensions are coming due. That's why we're feeling a little bit more of a slower bleed in the commercial market. But you know, in the residential market, we're not seeing as much distress, because so many people have those fixed 30 year rates. But in commercial real estate, rates are generally not fixed for that long. They're more they could be floating get or they might only be fixed for five years, and then they've reset. And that's what we're seeing now, is a lot of those assets that were bought within the last five years have those rate caps expiring, and then the rates are jacking it up to six to 7% and the numbers just don't make sense anymore. Keith Weinhold 30:36 That one to four unit space single family homes up fourplexes has stayed relatively stable. We're talking about that distress and the five plus unit multi family apartment space. So Hannah, when we pull back and we look at the lender risk appetite and the propensity to lend and to want to make loans, of course, that environment changes over time. I know that all of us here at the summit, we learn from you in your presentation that that can vary by region in the loan to value ratio and the other terms that they're talking about giving. So tell us about some of the regional variation. Where do people want to lend and where do people want to avoid making loans Hannah Hammond 31:11 Exactly? And we were talking about this is every single region is so different, and there's even micro markets within certain cities and metropolitan areas, and the growth corridors could have a very different outlook and performance than even in the overexposed metro areas. So lenders really pay attention to where the capital is flowing to. And right now, if you look at u haul reports and cell phone data, capital is flowing mostly to the Sun Belt states, and it's leaving the Rust Belt states. So this is your southeast states, your Texas, Florida, Arizona, and these types of regions where a lot of people are leaving some of the Rust Belt states like San Francisco, Chicago, New York, where those markets are being really dragged down by all this office drag from all the default rates in these office buildings that have continued to accumulate post COVID. So the lender appetite is going to shift Market to Market, and they really pay attention to the asset class and also the region in which that asset class is located. And this can affect the LTV, the amount of money that they're going to lend based on the value of the property, also the interest rate and the DSCR ratios, which is how much above the debt coverage the income has to be for the lender to lend on that asset. Keith Weinhold 32:26 So we're talking about lenders more willing to make loans in places where the population is moving to Florida, other markets in the Southeast Texas, Arizona. Is that what we're talking about here. Hannah Hammond 32:37 exactly, and even on the equity side, because we help with equity, like JV equity or CO GP equity, on these development projects or value add projects. And a lot of my equity investors, they're like, Nah, not interested in that state. But if it's in a really good Sunbelt type market, then they have a better appetite to lend in those markets. Keith Weinhold 32:56 Was there any last thing that we should know about the lending environment? Something that impacts the viewers here, maybe something I didn't think about asking you? Hannah Hammond 33:04 I mean, credit is tight, but there's tons of opportunity. Deals are still happening. Cre originations are actually up in 2025 and projected to land quite a bit higher in 2025 at about 660, 5 billion in originations, versus 539 billion in 2024 so the good news is, deals are happening, movements are happening, purchases and sales are happening. And we need movement to have this market continue to be strong and take place, even though, unfortunately, some investors are going to be stuck in that default debt and they might lose on these properties, it's going to give an opportunity for a lot of other investors who have been kind of sitting on the sidelines, saving up capital and aligning their capital to be able to take advantage of these great deals. Because honestly, we all know it's been really hard to make deals pencil over the past few years, and now with some of this reset, it's going to be a little bit easier to make them pencil. Keith Weinhold 33:04 This is great. Loans are leverage, compound leverage, trunks, compound interest, leverage and loans are really key to you making more of yourself. Anna, if someone wants to learn more about following you and what you do, what's the best way for them to do that? Hannah Hammond 33:42 At Hannah B Hammond on Instagram, my show, the Hannah Hammond show, is also on all platforms, YouTube, Instagram, Spotify, Apple, and if you shoot me a follow and a message on Instagram, I will personally respond to and would love to stay connected and help with any questions you have in the commercial real estate market. Keith Weinhold 34:27 Hannah's got a great presence, and she's great in person too. Go ahead and be sure to give her a follow. We'll see you next time. Thank you. Keith Weinhold 34:40 Yeah. Sharp insight from Hannah Hammond, there $1 trillion in commercial real estate debt comes due this year. A quarter of that amount, $250 billion is estimated to be in distress or default. This could keep the values of larger apartment buildings suppressed. Even longer, as far as where today's opportunity is, next week on the show, we'll talk to a home builder in Florida, ground zero for an overbuilt market, and we'll see if we can sense the palpable desperation that they have to move their properties and what kind of deals they're giving buyers. Now until next week, I'm your host, Keith Weinhold, do the right thing before you do things right out there, and don't quit your Daydream. Speaker 3 35:33 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively. Keith Weinhold 35:56 You know, whenever you want the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you'll also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre 266, 866, while it's on your mind, take a moment to do it right now. Text, gre 266, 866, Keith Weinhold 37:12 The preceding program was brought to you by your home for wealth, building, getricheducation.com.
Agradece a este podcast tantas horas de entretenimiento y disfruta de episodios exclusivos como éste. ¡Apóyale en iVoox! Episodio exclusivo para suscriptores de Se Habla Español en Apple Podcasts, Spotify, iVoox y Patreon: Spotify: https://open.spotify.com/show/2E2vhVqLNtiO2TyOjfK987 Patreon: https://www.patreon.com/sehablaespanol Buy me a coffee: https://www.buymeacoffee.com/sehablaespanol/w/6450 Donaciones: https://paypal.me/sehablaespanol Contacto: sehablaespanolpodcast@gmail.com Facebook: www.facebook.com/sehablaespanolpodcast Twitter: @espanolpodcast Hola, ¿cómo va todo? ¿Estás pasando mucho calor o es algo soportable? En mi caso, aquí en Luxemburgo hemos tenido muchos días de 30 o 31 grados, que es una temperatura bastante alta, la verdad. De hecho, no recuerdo jornadas de tanto calor hace un año, en nuestro primer verano por aquí. Pero nada comparable a lo que viví hace poco en Sevilla. Estuve en esa preciosa ciudad española durante cuatro días por motivos de trabajo, y nada más llegar el termómetro marcaba 43 grados de máxima. El resto de los días no bajamos de 40. Menos mal que todo el trabajo era en el interior de un recinto dedicado a la organización de grandes eventos. En este caso se trataba de una conferencia de Naciones Unidas. Pero hoy no vamos a hablar del calor que hace en España en esta época del año, sino de una de las tradiciones más queridas de la cultura española: las ferias de los pueblos. Las ferias son celebraciones populares que se organizan, sobre todo, en verano, y que mezclan diversión, música, gastronomía y tradición. En casi todos los rincones de España, cada pueblo tiene su propia feria, cada una con sus costumbres y su estilo particular, aunque en casi todas ellas suele haber cosas similares, cosas que se repiten en todos los sitios. Las más importantes son las que te voy a contar ahora mismo: Atracciones mecánicas: como la noria (una gran rueda giratoria), los coches de choque (pequeños autos eléctricos que los niños y jóvenes conducen para chocar entre sí), o el tiovivo (una plataforma giratoria con caballitos). Puestos ambulantes: pequeñas casetas o carritos donde se venden golosinas, juguetes, globos, ropa, artesanía o comida rápida como churros, bocadillos o patatas fritas. Casetas: espacios cubiertos donde se puede comer, beber, bailar y escuchar música en directo. Algunas son públicas y otras privadas, gestionadas por asociaciones o grupos de amigos. Conciertos y espectáculos: actuaciones musicales, bailes regionales, teatro callejero o concursos para todas las edades. Fuegos artificiales: espectáculos de luces y sonido que suelen marcar el inicio o el final de la feria. Procesiones religiosas: en muchas ferias, sobre todo en el sur de España, se celebran actos religiosos en honor al patrón o patrona del pueblo, con desfiles, música y trajes tradicionales. Eventos taurinos: en algunas regiones todavía se celebran encierros o corridas de toros, aunque esta tradición está cada vez más debatida. Las ferias son momentos de encuentro, de alegría colectiva y de orgullo local. Son una oportunidad para que los vecinos se reúnan, los visitantes descubran la cultura del lugar y todos disfruten de un ambiente festivo y acogedor. En el episodio de hoy, vamos a hablar de una noticia que ocurrió en una feria, pero también vamos a aprovechar para aprender mucho vocabulario relacionado con este tipo de celebraciones. Así que, prepárate porque vamos a escuchar la noticia por primera vez. Y lo único que voy a adelantarte es que se trata de una información muy triste, nada que ver con el ambiente festivo que suele vivirse en las ferias. La noticia apenas dura 55 segundos. Concentra toda tu atención, porque esto empieza ya. “En Murcia, en la pedanía de Alquerías, allí una niña de dos años ha fallecido y otros tres menores han resultado heridos en una atracción de feria, Encarni Sánchez. Los servicios de emergencias recibían la llamada de alerta a las 12 de la noche informando de que una niña se encontraba inconsciente, tendida en el suelo y con sangrado nasal, al parecer al sufrir una descarga eléctrica en una atracción de la feria ubicada en la pedanía murciana de Alquerías. Hasta el lugar se desplazaban los servicios de emergencia que asistieron a la pequeña, pero lamentablemente tras una hora de reanimación cardiopulmonar sin éxito se confirmaba el fallecimiento. Policía local informó de que otros tres niños de 8, 11 y 12 años también habían resultado afectados, al parecer por descargas eléctricas, pero todos ellos estaban conscientes y fueron trasladados por medios propios hasta el hospital. El personal del 061 también atendió a una mujer de 29 años con una crisis de ansiedad. Se desconocen por el momento las causas por las que los menores han sufrido esta electrocución que tendrá que ser investigada.” Por desgracia, como te decía antes, la noticia es muy trágica, más aún al tratarse de la muerte de una niña pequeña que estaba disfrutando de la feria de su pueblo junto a su familia y amigos. Y no es el único caso ocurrido en España en los últimos años. Antes de terminar el episodio te contaré otras historias dramáticas que han sucedido en mi país en los últimos años. Pero antes vamos con las palabras y expresiones que pueden resultar algo más complicadas. Empezamos hablando de la pedanía, que es un lugar más pequeño que un municipio, que un pueblo. Suele ser una pequeña aldea o un núcleo de población que depende de una ciudad o de un pueblo mayor. Ejemplos: Mi abuela vive en una pedanía a las afueras de Valencia. Aunque es una pedanía, tiene su propia escuela y centro de salud. Y en las ferias de las pedanías a veces hay atracciones de feria. Una atracción de feria es un juego mecánico o una instalación de entretenimiento que se encuentra en ferias o parques de diversiones, como la noria, los coches de choque o el tiovivo. Justo antes hemos hablado de estas atracciones. Ejemplos: Los niños se subieron a una atracción de feria que giraba muy rápido. La atracción de feria más popular era una montaña rusa portátil. En la noticia se dice que encontraron a la niña tendida en el suelo. Tendida es el participio del verbo tender, que en este contexto significa estar acostada o echada en el suelo, generalmente sin moverse. Ejemplos: La encontraron tendida en el césped, tomando el sol. El herido estaba tendido en la acera esperando ayuda. Y cuando dicen que sufría un sangrado nasal, se refiere a la nariz. Cuando escuches la palabra “nasal” siempre es algo relacionado con la nariz. Ejemplos: Tenía una hemorragia nasal después del golpe. El resfriado le provocó una voz muy nasal. Vamos con un nuevo participio. Ubicada viene del verbo ubicar, y significa que algo está situado o localizado en un lugar específico. Ejemplos: La escuela está ubicada en el centro del pueblo. La casa está ubicada junto a un parque natural. En cuanto al verbo asistir, en este contexo, significa prestar ayuda o atención médica a alguien. También puede significar simplemente estar presente en un lugar. Ejemplos: Los sanitarios asistieron al herido en el lugar del accidente. Voy a asistir a una conferencia sobre educación bilingüe. Por último, una electrocución es el daño corporal o la muerte causados por el paso de la corriente eléctrica a través del cuerpo. Ejemplos: La electrocución puede ser mortal si no se actúa rápidamente. Sufrió una electrocución leve al tocar un cable pelado, un cable sin protección exterior. Genial, pues vamos a escuchar la noticia por segunda vez. Aquí la tienes. “En Murcia, en la pedanía de Alquerías, allí una niña de dos años ha fallecido y otros tres menores han resultado heridos en una atracción de feria, Encarni Sánchez. Los servicios de emergencias recibían la llamada de alerta a las 12 de la noche informando de que una niña se encontraba inconsciente, tendida en el suelo y con sangrado nasal, al parecer al sufrir una descarga eléctrica en una atracción de la feria ubicada en la pedanía murciana de Alquerías. Hasta el lugar se desplazaban los servicios de emergencia que asistieron a la pequeña, pero lamentablemente tras una hora de reanimación cardiopulmonar sin éxito se confirmaba el fallecimiento. Policía local informó de que otros tres niños de 8, 11 y 12 años también habían resultado afectados, al parecer por descargas eléctricas, pero todos ellos estaban conscientes y fueron trasladados por medios propios hasta el hospital. El personal del 061 también atendió a una mujer de 29 años con una crisis de ansiedad. Se desconocen por el momento las causas por las que los menores han sufrido esta electrocución que tendrá que ser investigada.” Como de costumbre, vamos a dar un paso más para que puedas ampliar tu vocabulario. Y la manera de hacerlo es contarte la noticia con otras palabras, utilizando el máximo número de sinónimos posible. En la pedanía murciana de Alquerías, una niña de corta edad ha perdido la vida y otros tres chicos han sufrido lesiones tras un incidente ocurrido en una instalación recreativa durante una feria local. El suceso tuvo lugar alrededor de la medianoche, cuando los servicios de auxilio recibieron una alerta telefónica informando de que una menor se hallaba inmóvil, acostada en el suelo y con hemorragia en la nariz, aparentemente tras haber recibido una descarga eléctrica. Equipos de intervención sanitaria acudieron rápidamente al lugar y realizaron maniobras de reanimación durante aproximadamente una hora. No obstante, los esfuerzos fueron infructuosos y se confirmó el deceso de la pequeña. Según fuentes de la autoridad municipal, otros tres menores —de 8, 11 y 12 años— también se vieron afectados, presuntamente por el mismo tipo de electrocución, aunque todos ellos permanecían lúcidos y fueron conducidos al centro médico por medios particulares. Además, una mujer de 29 años fue atendida por una crisis emocional por parte del personal del servicio de emergencias. Por ahora, se ignoran los motivos que provocaron el accidente, el cual será objeto de una investigación exhaustiva. La palabra exhaustiva puede sustituirse por “en profundidad”, una investigación en profundidad. Perfecto, ya estamos preparados para escuchar la noticia por última vez. Pero no te vayas, porque después te voy a contar muchas más cosas. “En Murcia, en la pedanía de Alquerías, allí una niña de dos años ha fallecido y otros tres menores han resultado heridos en una atracción de feria, Encarni Sánchez. Los servicios de emergencias recibían la llamada de alerta a las 12 de la noche informando de que una niña se encontraba inconsciente, tendida en el suelo y con sangrado nasal, al parecer al sufrir una descarga eléctrica en una atracción de la feria ubicada en la pedanía murciana de Alquerías. Hasta el lugar se desplazaban los servicios de emergencia que asistieron a la pequeña, pero lamentablemente tras una hora de reanimación cardiopulmonar sin éxito se confirmaba el fallecimiento. Policía local informó de que otros tres niños de 8, 11 y 12 años también habían resultado afectados, al parecer por descargas eléctricas, pero todos ellos estaban conscientes y fueron trasladados por medios propios hasta el hospital. El personal del 061 también atendió a una mujer de 29 años con una crisis de ansiedad. Se desconocen por el momento las causas por las que los menores han sufrido esta electrocución que tendrá que ser investigada.” Aunque las ferias son sinónimo de alegría, en ocasiones también han sido escenario de accidentes graves que han conmocionado a la sociedad. Hoy, para cerrar este episodio, vamos a recordar algunos de los casos más dramáticos ocurridos en ferias españolas, no con la intención de crear miedo, sino para reflexionar sobre la importancia de la seguridad en estos lugares. Uno de los incidentes más recientes tuvo lugar en Castro Urdiales (Cantabria) en junio de 2025, cuando tres adolescentes de entre 14 y 15 años salieron despedidas de una atracción conocida como el saltamontes. Una de ellas quedó colgando de la estructura mientras la máquina seguía en movimiento. Afortunadamente, todas sobrevivieron, aunque una de ellas estuvo en estado grave. En abril de 2023, durante la Feria de Sevilla, una veintena de personas quedó atrapada en altura en la atracción La Selva Encantada, que se detuvo por un fallo técnico. Aunque no hubo heridos, los bomberos tuvieron que intervenir para rescatarlas. Ese mismo fin de semana, en Narón (A Coruña), la plataforma de la atracción Jamaica se desplomó con 15 personas dentro, provocando la evacuación de diez menores al hospital. Y en Ponferrada, una joven de 14 años perdió el conocimiento tras salir despedida de La Olla, otra atracción de feria muy conocida. Estos casos, aunque excepcionales, nos recuerdan que la seguridad debe ser siempre una prioridad. Las atracciones de feria están sometidas a inspecciones técnicas y a controles periódicos, cada cierto tiempo, pero es fundamental que tanto los operadores como los usuarios actúen con responsabilidad. Si en tu país también suceden estas cosas, puedes contármelo en los comentarios. Y ahora vamos con las palabras y expresiones que hemos aprendido hoy. -Pedanía: es una unidad territorial más pequeña que un municipio. Suele ser una aldea o núcleo de población que depende administrativamente de una ciudad o pueblo mayor. -Atracción de feria: se refiere a cualquier juego mecánico o instalación de entretenimiento que se encuentra en ferias o parques de diversiones, como la noria, los coches de choque o el tiovivo. -Tendida: Participio del verbo tender, en este contexto significa estar acostada o echada en el suelo, generalmente sin moverse. -Nasal: adjetivo que se refiere a la nariz o relacionado con esa parte de nuestra cara. -Ubicada: participio del verbo ubicar, significa que algo está situado o localizado en un lugar específico. -Asistir: en este contexto significa prestar ayuda o atención médica a alguien. -Electrocución: es el daño corporal o la muerte causados por el paso de corriente eléctrica a través del cuerpo. Como te decía, las ferias forman parte del alma de muchos pueblos en España. Son momentos de alegría, de reencuentros, de infancia, de luces y de música. Pero también nos recuerdan que, incluso en los espacios más festivos, la seguridad y la responsabilidad son esenciales. Detrás de cada atracción hay personas que trabajan, familias que confían y niños que sueñan. Por eso, cuando ocurre una tragedia, como las que hemos mencionado hoy, no solo se apaga una luz en la feria, sino también en la comunidad entera. Como hablantes y aprendices de español, es importante no solo conocer el idioma, sino también entender la cultura, sus celebraciones y sus desafíos. Y como ciudadanos, es fundamental exigir que estos espacios sigan siendo seguros para todos. Gracias por acompañarme en este episodio extra. Espero que hayas aprendido nuevas palabras, y que hayas descubierto aspectos de la vida y de las tradiciones de España. Muchas gracias una vez más por tu apoyo. Nos escuchamos en el próximo episodio. ¡Hasta pronto! Adiós. Escucha este episodio completo y accede a todo el contenido exclusivo de Se Habla Español. Descubre antes que nadie los nuevos episodios, y participa en la comunidad exclusiva de oyentes en https://go.ivoox.com/sq/171214
It's Mailbag Friday! You've got questions, we've got answers! Segment 1 • If sin separates us from God, why do you say it can't? • I've found freedom from pornography—how can I help other men using “Play the Man”? Segment 2 • Thankful for early exposure to Dr. MacArthur's preaching—what a difference it made. • Does following Word of Faith or NAR teachings make someone a pagan? Segment 3 • Why doesn't God seem to help when I pray for patience with my toddler? AND, What does it mean that God is a “very present help” when I feel abandoned in my struggle? Segment 4 • How much should I “put myself out there” when waiting on God for a husband? Are dating apps a lack of trust? • Can a man serve as an elder if his kids are out of control at church? ___ Thanks for listening! Wretched Radio would not be possible without the financial support of our Gospel Partners. If you would like to support Wretched Radio we would be extremely grateful. VISIT https://fortisinstitute.org/donate/ If you are already a Gospel Partner we couldn't be more thankful for you if we tried!
Segment 1: • Want to lose weight biblically? Todd jokes about “The Fortis Cup Bearer Diet” while warning against diet fads. • Supreme Court rules parents in Maryland can pull kids from objectionable lessons—why should parents need permission to parent? • Todd connects parental rights to the bigger fight against the mental health industrial complex controlling family decisions. Segment 2: • Supreme Court rulings trending positively. Why now? • Unpacks the White House Faith Office's role and warns about NAR dominionism creeping into political movements. • Highlights the PCA's study on Christian Nationalism, emphasizing the need for clear confessional grounding in confusing times. Segment 3: • Throwback: Francis Schaeffer vs. B.F. Skinner on human dignity vs. behavioral control. • Connects these classic debates to modern challenges like IVF's low success rates and ethical confusion in culture. • Stresses that Truth Unhindered remains the need of the hour in cultural engagement. Segment 4: • Switzerland news segues to U.S. stats: 2/3 of young adults leave church, prompting calls for “old school” church. • Todd warns against trendy “hipster church” models that fail to disciple deeply. • Reminds listeners: The early church grew because it was countercultural, not because it adapted to culture. ___ Thanks for listening! Wretched Radio would not be possible without the financial support of our Gospel Partners. If you would like to support Wretched Radio we would be extremely grateful. VISIT https://fortisinstitute.org/donate/ If you are already a Gospel Partner we couldn't be more thankful for you if we tried!
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